Apollo Global Management

Apollo Global Management, Inc.
Company typePublic
ISINUS0376123065
US03768E1055 Edit this on Wikidata
IndustryAsset management
Founded1990 (1990)
Founders
HeadquartersSolow Building, ,
Key people
Marc Rowan (CEO)
ProductsPrivate equity funds, credit funds, real estate funds, alternative investment, leveraged buyouts, growth capital, venture capital
RevenueIncrease US$32.64 billion (2023)
Increase US$5.586 billion (2023)
Increase US$6.509 billion (2023)
AUMIncrease US$650.8 billion (2023)
Total assetsIncrease US$313.5 billion (2023)
Total equityIncrease US$25.23 billion (2023)
Number of employees
2,903 (2023)
Websiteapollo.com
Footnotes / references
[1]

Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets.[2][3][1] As of 2022, the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors.[1]

Apollo was formed in 1990 by Leon Black, Josh Harris, and Marc Rowan, former investment bankers at the defunct Drexel Burnham Lambert. The company is headquartered in the Solow Building in New York City,[1] with offices across North America, Europe, and Asia.[4] Among the most notable companies in which funds managed by the company have invested are ADT Inc., CareerBuilder, Cox Media Group, Intrado, Legendary Entertainment, Rackspace Technology, Redbox, Shutterfly, Sirius Satellite Radio, Qdoba, Smart & Final, University of Phoenix, and Yahoo Inc.

In addition to its private funds, Apollo operates Apollo Investment Corporation (AIC), a US-domiciled publicly traded, private-equity, closed-end fund and Business Development Company. AIC provides mezzanine debt, senior secured loans, and equity investments to middle-market companies, including public companies, although it historically has not invested in companies controlled by Apollo's private-equity funds.[5][6]

  1. ^ a b c d "Apollo Global Management, Inc. 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 27, 2024.
  2. ^ Idzelis, Christine (September 19, 2019). "Apollo's Josh Harris Talks Private Markets at Delivering Alpha". Institutional Investor.
  3. ^ Gordon, Amanda L. (October 2, 2018). "Apollo's Marc Rowan Gives Wharton $50 Million for Professorships". Bloomberg News.
  4. ^ "Contact". apollo.com.
  5. ^ Fabrikant, Geraldine (April 17, 2004). "Private Firms Use Closed-End Funds To Tap the Market". The New York Times.
  6. ^ Cite error: The named reference Ready was invoked but never defined (see the help page).

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