The alternative asset manager reports record fee earnings alongside milestone AUM growth in its latest quarter.
Apollo Global Management reached $1 trillion in assets under management, marking a key milestone for the alternative investment firm. Fee-related earnings also hit a record high, driven by strong fundraising and performance across its credit, private equity, and hybrid value strategies.
The firm’s AUM grew 12% year-over-year, outpacing industry peers. Prior quarter AUM stood at $920 billion, with consensus estimates projecting $980 billion for the period. Fee-related earnings rose 15% sequentially, reflecting higher management fees and realized performance income.
Markets reacted modestly, with Apollo’s shares trading flat in early premarket activity.