Apollo Global Management
Apollo Global Management, Inc. (NYSE: APO) is a high-growth alternative asset manager with a focus on providing excess return over the life cycle of its investment strategies, with approximately $733 billion in total assets under management as of 2025. Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, all veterans of Drexel Burnham Lambert, Apollo has grown from a private equity firm into one of the most comprehensive alternative investment platforms in the world, encompassing credit, equity, and real assets strategies across public and private markets. According to its website at apollo.com, the company serves a global client base of pension funds, sovereign wealth funds, insurance companies, endowments, and individual investors, providing them with access to differentiated return streams across the full spectrum of alternative asset classes.
Apollo's investment platform, described at apollo.com, is organized across three primary business segments: asset management, which generates fee revenues from managing alternative investment strategies; retirement services, operated through its Athene Holding subsidiary, which provides retirement savings products including fixed and fixed indexed annuities; and principal investing, which encompasses Apollo's own balance sheet investments and the deployment of excess capital into high-return opportunities. Apollo's distinctive integration of asset management and insurance creates a powerful flywheel that provides permanent, low-cost capital for the asset management business while enabling Athene to invest in a broader range of alternative credit strategies that enhance returns for policyholders.
Apollo's credit platform is one of the most comprehensive in the alternative investment industry, spanning investment-grade direct origination, leveraged buyout financing, real estate debt, infrastructure credit, and other credit strategies that collectively manage hundreds of billions in assets for institutional and individual investors. According to apollo.com, the firm has positioned credit as the centerpiece of its strategy, reflecting the founders' view that credit-oriented investing — with its combination of current income, structural seniority, and lower volatility compared to equity — represents the most compelling risk-adjusted return opportunity across the alternative investment landscape. Apollo's scale, origination capabilities, global footprint, and integrated platform of asset management, insurance, and principal investing activities distinguish it as one of the most ambitious and successful alternative investment firms in the world.