Apollo’s New AI-Proof Investment? The New York Yankees

Apollo Global Management has labeled its $2.6 billion financing deal with the New York Yankees' owners as an "AI-resilient" leisure investment, seeking opportunities in sectors less affected by generative AI. This strategy comes as the direct-lending market faces scrutiny and investor redemption requests due to concerns about AI's impact on software companies. Apollo also sees potential in AI-driven growth through digital infrastructure investments.