Apollo Global to acquire a 24.9% stake in Motive Partners.

Apollo Global Management, a private equity firm, agreed to acquire a 24.9% stake in Motive Partners, a specialist private equity firm focused on financial technology investments. Financial terms were not disclosed. "Rob and the Motive teams’ exceptional financial technology expertise and network will significantly enhance our efforts to expand and improve technology capabilities throughout our entire platform-broadening distribution across new and existing channels and developing new product offerings for our asset management and retirement services businesses. Innovation is core to Apollo’s growth strategy and this partnership underscores our goal to be at the forefront of technological innovation in our industry," Marc Rowan, Apollo CEO.