--- title: "Apollo’s Atlantic Aviation Stake Puts KKR’s Long-Term Conviction in Focus" type: "News" locale: "en" url: "https://longbridge.com/en/news/297213601.md" description: "Apollo Global Management and KKR announced a strategic partnership involving Atlantic Aviation, valuing the private aviation operator at nearly $10 billion. Apollo acquired a significant stake while KKR remains a substantial shareholder. The deal highlights long-term conviction in the private aviation sector's growth. Following the announcement, Apollo shares edged higher, maintaining a Buy consensus with an average price target of $149.10." datetime: "2026-08-27T16:15:29.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297213601.md) - [en](https://longbridge.com/en/news/297213601.md) - [zh-HK](https://longbridge.com/zh-HK/news/297213601.md) generator: "portal-rs" --- # Apollo’s Atlantic Aviation Stake Puts KKR’s Long-Term Conviction in Focus **Apollo Global Management, Inc.** (NYSE:APO) shares edged higher Thursday after the firm announced a strategic partnership with **KKR** (NYSE:KKR) involving Atlantic Aviation, a private aviation infrastructure operator valued at nearly $10 billion. The gain came despite Financials falling 0.4%, while the S&P 500 rose 0.6%. ## Apollo Takes Significant Atlantic Stake Apollo-managed funds acquired a significant interest in Atlantic Aviation in a deal valuing the company at nearly $10 billion, while KKR-managed funds will remain a substantial shareholder. Atlantic operates one of the largest fixed-base operator networks in the U.S., providing aircraft fueling, hangar leasing, and other aviation services under long-term airport concession agreements. Apollo Partner **David Cohen** cited Atlantic’s infrastructure footprint and growth prospects. "The private aviation market has structural tailwinds that we believe will persist, and Atlantic is well positioned to capture that growth," Cohen said. **Read Also: UGI Shares Surge Following Unsolicited $9 Billion KKR Buyout Offer** ## KKR Remains Invested KKR acquired Atlantic Aviation in 2021 and has since supported acquisitions, organic expansion, and operational investments. Dash Lane, KKR Partner, said there is "meaningful opportunity ahead," with the firm’s continued investment reflecting confidence in Atlantic and the sector’s long-term growth. ## APO Technical Outlook: Moving Averages And Momentum At $133.67, Apollo trades just above its 20-day SMA of $133.37, signaling near-term consolidation rather than a strong directional move. The stock remains 6.2% above its 50-day SMA of $126.65 and 100-day SMA of $126.68. It is also 5.4% above its 200-day SMA of $127.66, keeping the intermediate trend constructive. RSI stands at 54.56, a neutral reading that suggests the stock is neither overbought nor oversold. The 20-day SMA remains above the 50-day SMA, supporting the near-term setup. However, the July death cross, when the 50-day SMA fell below the 200-day SMA, still reflects lingering longer-term technical caution. - **Key Resistance:** $144.50 — a prior ceiling before the 52-week high zone. - **Key Support:** $116.50 — a previous demand area near the lower end of the 52-week range. ## Analyst Consensus And Recent Actions Apollo carries a Buy consensus rating with an average price target of $149.10. Recent analyst actions include: - **UBS:** Buy, price target raised to $172 on Aug. 5 - **RBC Capital:** Sector Perform, price target raised to $146 on Aug. 5 - **Barclays:** Overweight, price target raised to $157 on Aug. 5 ## ETFs With Apollo Exposure - **Tema Listed Private Managers ETF** (BATS:PRVT): 5.13% weight - **Bahl & Gaynor Income Growth ETF** (NYSE:BGIG): 3.49% weight - **VanEck Alternative Asset Manager ETF** (NYSE:GPZ): 7.14% weight **Why It Matters:** Apollo’s sizable weighting in these ETFs means meaningful fund inflows or outflows can translate into corresponding buying or selling pressure on the stock. **Price Action:** Apollo Global Management shares were up 1.12% at $135.16, and KKR shares were up 1.95% at $110.62 at the time of publication on Thursday, according to Benzinga Pro data. *Image by Piotr Swat via Shutterstock* ### Related Stocks - [APO.US](https://longbridge.com/en/quote/APO.US.md) - [KKR.US](https://longbridge.com/en/quote/KKR.US.md) - [KKR-D.US](https://longbridge.com/en/quote/KKR-D.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [UGI.US](https://longbridge.com/en/quote/UGI.US.md) - [PRVT.US](https://longbridge.com/en/quote/PRVT.US.md) - [BGIG.US](https://longbridge.com/en/quote/BGIG.US.md) - [GPZ.US](https://longbridge.com/en/quote/GPZ.US.md) - [APO-A.US](https://longbridge.com/en/quote/APO-A.US.md) - [APOS.US](https://longbridge.com/en/quote/APOS.US.md) - [KKRS.US](https://longbridge.com/en/quote/KKRS.US.md) - [KKRT.US](https://longbridge.com/en/quote/KKRT.US.md) ## Related News & Research - [Here's How Much $1000 Invested In KKR 10 Years Ago Would Be Worth Today](https://longbridge.com/en/news/296804066.md) - [Apollo, KKR form partnership to back Atlantic Aviation growth, valuing firm near $10 billion](https://longbridge.com/en/news/297181631.md) - [KKR to Present at the Barclays Global Financial Services Conference | KKR Stock News](https://longbridge.com/en/news/296952867.md) - [Steadfast Enters Into Scheme Implementation Deed with KKR, Others](https://longbridge.com/en/news/296591904.md) - [Key facts: KKR & Co Inc finalist for AB Ports; buys Ci FLAVORS](https://longbridge.com/en/news/297000584.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**