Apollo to acquire a minority stake in Charles Monat Associates.

Apollo, an alternative asset manager, agreed to acquire a minority stake in Charles Monat Associates, a life insurance brokerage firm. Financial terms were not disclosed. “CMA has established itself as a leading brokerage for bespoke life insurance solutions to high-net-worth individuals in key wealth hubs. We believe the company is well positioned to capture what we believe are significant tailwinds in the industry. We are thrilled to have the opportunity to support its next phase of growth," Gaurav Pant, Apollo Partner.