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.
Investors' demand for alternative investments such as nontraded REITs and business development companies at the start of 2022 is a harbinger for sales over the remainder of the year.
As private equity pours cash into wealth management, financial advisers should be exposing clients to private equity investments.
As the number of publicly traded companies steadily declined over the past decade, investor interest in the private markets has increased markedly.
Up until recently, major global firms had happily ignored independent advisers for decades.
Sales hit $68.2 billion, up by 40% from the second quarter of 2020, according to the Secure Retirement Institute.
Private equity firms' insurance companies accounted for more than 40% of all indexed annuity sales industrywide during the second quarter.
The exchange will direct its listed companies to pursue board diversity — by having at least one female board member and at least one who identifies as a member of an underrepresented minority or LGBTQ — or explain why they don’t.
The independent broker-dealer, backed by Reverence Capital Partners, is suing an annuity company owned, in part, by the same private equity firm.
An initial public offering of a stake in Jackson, one of the biggest annuities providers in the U.S., will be held in the first half of 2021, according to a Prudential statement.
Marc Rowan, one of Black’s top lieutenants, will succeed him as CEO as part of a governance overhaul that will also eliminate weighted voting rights.
The bank is reportedly in talks to sell the unit to a private equity consortium led by GTCR and Reverence Capital Partners.
The sale is part of CEO Charlie Scharf's effort to focus the bank on key businesses
Biden's tax proposals and call for increased antitrust scrutiny would pose challenges for dealmakers
Leaders say new platform will incorporate Apollo's secret sauce and will target later stage companies
The industry is lobbying to include a measure forcing the SEC's hand in Congress' end-of-year spending bill.
