Office address: 9 West 57th Street, 42nd Floor, New York, NY 10019
Website: www.apollo.com
Year established: 1990
Company type: private equity firm
Employees: 2,900+
Expertise: private equity funds, credit funds, real estate funds, alternative investment, leveraged buyouts, growth capital, venture capital, retirement solutions, insurance, infrastructure, capital solutions
Parent company: N/A
Key people: Marc Rowan (CEO), Heather Berger (partner), Matthew Breitfelder (partner), Whitney Chatterjee (partner), Stephanie Drescher (partner), Martin Kelly (partner), Bill Lewis (partner)
Financing status: N/A
Apollo Global Management, based in New York, is a leading provider of alternative asset management and retirement solutions, serving clients worldwide. With over 2,900 employees and operations in more than 30 cities, Apollo manages $72.4 billion in assets across credit, equity, and real assets. The firm supports more than 190 portfolio companies through innovative capital solutions designed to generate risk-adjusted returns and retirement income.
Apollo Global Management was founded in 1990 by Marc Rowan, Leon Black, and Joshua Harris, all former Drexel Burnham Lambert bankers, after Drexel’s collapse. The firm initially focused on distressed debt and leveraged buyouts, quickly establishing itself as a key player in alternative investments. In 2001, Apollo made a significant move by acquiring a controlling interest in AMC Entertainment, expanding its investment reach.
By 2006, Apollo raised $10.1 billion for one of the largest private equity funds at the time, solidifying its industry influence. In 2011, the company went public, raising over $400 million in its IPO, marking a new phase of growth. Apollo brought in former BlackRock executives in 2023, aiming for $1 trillion in assets and strengthening its wealth and insurance units.
Apollo Global Management offers a wide range of asset management services, investing across credit, equity, real assets, and financial services. The following are key offerings:
Serving both private and public markets for over 30 years, its expertise has helped clients generate returns and supported businesses with innovative capital solutions. Through Apollo’s strategies and Athene’s retirement products, millions of families rely on the firm for investment income and retirement savings.
Apollo Global Management fosters a high-performance culture that encourages collaboration, rapid decision-making, and long-term career development for its employees. The firm supports staff at every stage of their careers, promoting growth in a learning-focused environment. Their "One Apollo" mindset emphasizes teamwork and collective success, providing benefits such as:
The company integrates ESG factors into all aspects of its operations, from investing to global business practices. The firm has focused on ESG for over 10 years, emphasizing sustainability, transparency, and data-driven engagement with portfolio companies. Apollo's commitment to positive impact extends across its workplace, marketplace, and communities, with the following initiatives:
Apollo Global Management embraces its responsibility to create opportunities and foster an inclusive culture where all employees can thrive. The firm views diversity in people, perspectives, and backgrounds as essential to its long-term success. Apollo's Expanding Opportunity initiative aims to drive positive change across the workplace, marketplace, and communities through:
Apollo encourages its employees to engage in community service with the same passion and innovation they bring to their work. Through its Citizenship program, employees participate in various philanthropic and volunteer activities to positively impact their communities. The company upholds a culture of giving back and community involvement across all levels.
Marc Rowan is a co-founder and CEO of the organization, and he serves on the boards of both Apollo and Athene Holding. He began his career in Drexel Burnham Lambert’s mergers and acquisitions department and is involved in public policy initiatives. Rowan graduated summa cum laude with a BS and MBA from the Wharton School of the University of Pennsylvania.
Apollo’s executive team consists of leaders responsible for shaping the company’s strategy and overseeing its core operations:
Despite a recent dip in profits from its Athene annuities business which impacted second quarter earnings, Apollo remained optimistic while reassuring its investors. CEO Marc Rowan stated that most alternative investments are performing as expected, with only a few underperforming assets being transitioned. It recently announced multiple acquisitions and is expecting strong growth in private equity and fee-related earnings in the coming year.
Apollo advances its private-asset ETF plans through a partnership with State Street Corp, focusing on private credit investments. This initiative aims to make private credit more accessible to individual investors, a market traditionally dominated by institutions like pension funds. By expanding into the ETF market, Apollo Global Management seeks to broaden access to private markets and offer investment opportunities.
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The exploratory talks, reported by unnamed sources, speak to a larger trend of traditional asset managers wading further into the alternative assets space.
Data show the much-anticipated fund, launched in partnership with Apollo, has only seen two days of net inflows over two weeks.
The fund, managed by State Street Global Advisors and sub-advised by Bridgewater, plugs into a growing clamor for sophisticated strategies in the ETF space.
The Wall Street giant's enhanced effort to support "origination machine" underlines banks' growing incursion into the $1.6 trillion territory traditionally controlled by asset managers and credit shops.
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Alternatives are quickly becoming a mainstream allocation in wealth management.
