Apollo Sports Capital's affiliates are receiving funding through the firm's permanent capital platform, launched in September 2025 for sports and live events investments. A private equity firm and HR/finance software maker Accelerant have been in discussions for months, though sources caution talks remain ongoing and may not result in a deal. Accelerant, which listed on the New York Stock Exchange in July 2025 at $21 per share, is being acquired by its focused buyout firm less than a year after its IPO at a price below its original float.

The software-focused acquisition represents a rapid return to private ownership for the recently public company.