Apollo Global Management

Apollo Global Management, Inc.
TypePublic
ISINUS0376123065
IndustryAsset management
Founded1990 (1990)
FoundersLeon Black, John Hannan, Josh Harris, Marc Rowan, Craig Cogut, Arthur Bilger, Antony Ressler
HeadquartersSolow Building
New York City, U.S.
Key people
Marc Rowan, CEO
Josh Harris, senior​ managing director
Scott Kleinman, Co-President and Lead Partner, Private Equity
James Zelter, Co-President and Chief Investment Officer, Credit
Gary Parr, Senior Managing Director
ProductsPrivate equity funds, credit funds, real estate funds, alternative investment, leveraged buyouts, growth capital, venture capital
RevenueIncrease US$5.95 billion (2021)
Increase US$3.02 billion (2021)
Increase US$1.84 billion (2021)
AUMIncrease US$512 billion (2022)
Total assetsIncrease US$30.50 billion (2021)
Total equityIncrease US$10.19 billion (2021)
Number of employees
Increase 2,153 (2021)
Websitewww.apollo.com
Footnotes / references
[1]
Apollo invested in AMC Theatres in 2001 and acquired the entire company in 2004

Apollo Global Management, Inc. is an American global private equity firm.[2] It provides investment management and invests in credit, private equity, and real assets.[1] As of March 31, 2022, the company had $512 billion of assets under management, including $372 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans and collateralized loan obligations, $80.7 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] Since inception in 1990, private equity funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees.[3]

Apollo was founded in 1990 by Leon Black, Josh Harris,[4] and Marc Rowan.[5] Apollo is headquartered in the Solow Building at 9 West 57th Street in New York City,[1] with offices across North America, Europe and Asia.[6] Among the most notable companies in which funds managed by the company have invested include ADT Inc., CareerBuilder, Cox Media Group, Intrado, Rackspace, 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.[7][8]

  1. ^ a b c d "Apollo Global Management, Inc. 2021 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ Goldstein, Matthew (March 22, 2021). "Leon Black Leaves Apollo Sooner Than Expected". The New York Times. ISSN 0362-4331. Retrieved August 9, 2022.
  3. ^ "Apollo Global Management Investor Presentation" (PDF). Apollo Global Management. March 2021.
  4. ^ Idzelis, Christine (September 19, 2019). "Apollo's Josh Harris Talks Private Markets at Delivering Alpha". Institutional Investor.
  5. ^ Gordon, Amanda L. (October 2, 2018). "Apollo's Marc Rowan Gives Wharton $50 Million for Professorships". Bloomberg News.
  6. ^ "Contact". apollo.com.
  7. ^ Fabrikant, Geraldine (April 17, 2004). "Private Firms Use Closed-End Funds To Tap the Market". The New York Times.
  8. ^ Cite error: The named reference Ready was invoked but never defined (see the help page).

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