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Apollo Closed a $9 Billion Minority Equity Investment in ONEOK

Friday, September 11, 2026 · first reported by HedgeCo Insights

Apollo closed $9B minority equity investment (Class B, nonvoting, structurally subordinate) in ONEOK Holdings; proceeds fund $4.425B Brazos Midstream acquisition and ~$5B debt paydown; 7.0% IRR cap for nine years.

Firm
Apollo
Also named
ONEOK
Deal value
$9B
Asset class
Private equity
Geography
North America

The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.

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