{"id":95760,"date":"2026-09-11T06:07:09","date_gmt":"2026-09-11T10:07:09","guid":{"rendered":"https:\/\/hedgeco.net\/news\/09\/2026\/apollo-closed-a-9-billion-minority-equity-investment-in-oneok.html"},"modified":"2026-09-11T06:07:09","modified_gmt":"2026-09-11T10:07:09","slug":"apollo-closed-a-9-billion-minority-equity-investment-in-oneok","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2026\/apollo-closed-a-9-billion-minority-equity-investment-in-oneok.html","title":{"rendered":"Apollo Closed a $9 Billion Minority Equity Investment in ONEOK:"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/09\/2026-09-11-oneok-hero.jpg\" alt=\"Apollo Closed a $9 Billion Minority Equity Investment in ONEOK:\" \/><\/p>\n<p>HedgeCo.Net \u2014 ONEOK, Inc. (NYSE: OKE) announced on September 10 that it closed the previously announced $9 billion minority equity investment by funds and affiliates managed by Apollo (NYSE: APO). Apollo invested $9 billion for a nonvoting Class B minority interest in newly formed ONEOK Holdings, L.L.C., a stake the company described as structurally subordinate to company debt, with rating agencies treating the transaction as credit-enhancing. Finviz and Wedbush independently printed the same September 10 close, $9 billion Class B framing, and ONEOK Holdings vehicle.<\/p>\n<p>The August 30 announcement had framed the $9 billion as funding for the $4.425 billion Brazos Midstream Permian Midland acquisition and roughly $5 billion of debt extinguishment, with the Class B IRR capped at 7.0% for the first nine years. Apollo\u2019s AUM was cited at about $1.05 trillion as of June 30, 2026. Coverage of the September 10 print is the equity-investment close, not a same-day confirmation that Brazos itself closed.<\/p>\n<p>This is a closed minority equity check into a midstream HoldCo sleeve, not a control buyout and not proof that every related acquisition closed on the same day. Mark the $9 billion Class B, nonvoting \/ structurally subordinate economics, rating-agency credit-enhancing language, and the earlier $4.425 billion Brazos \/ ~$5 billion debt paydown use-of-proceeds as announced. Do not invent a Brazos close date on September 10 or a control premium. The allocator object is large-cap midstream preferred-like private equity behind an investment-grade balance sheet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.Net \u2014 ONEOK, Inc. (NYSE: OKE) announced on September 10 that it closed the previously announced $9 billion minority equity investment by funds and affiliates managed by Apo\u2026 <a class=\"continue_reading_link btn btn-mini\" href=\"https:\/\/hedgeco.net\/news\/09\/2026\/apollo-closed-a-9-billion-minority-equity-investment-in-oneok.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":95759,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[7725,4043,19222,19219,19417],"class_list":["post-95760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-private-equity","tag-apollo","tag-midstream","tag-minority-equity","tag-oneok","tag-oneok-holdings"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/95760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=95760"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/95760\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media\/95759"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=95760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=95760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=95760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}