Apollo Global Management

Apollo Global Management, Inc.
TypePublic
ISINUS0376123065
US03768E1055 Edit this on Wikidata
IndustryAsset management
Founded1990 (1990)
Founders
HeadquartersSolow Building (New York City, U.S.)
Key people
Marc Rowan (CEO)
ProductsPrivate equity funds, credit funds, real estate funds, alternative investment, leveraged buyouts, growth capital, venture capital
RevenueIncrease US$10.9 billion (2022)
Decrease US$−5.8 billion (2022)
Decrease US$−3.2 billion (2022)
AUMIncrease US$548 billion (2022)
Total assetsIncrease US$259 billion (2022)
Total equityDecrease US$397 million (2022)
Number of employees
Increase 2,540 (2022)
Websiteapollo.com
Footnotes / references
[1]

Apollo Global Management, Inc. is an American private equity firm.[2] It provides investment management and invests in credit, private equity, and real assets.[3][4][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] Funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees.[5]

Apollo was founded 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.[6] Among the most notable companies in which funds managed by the company have invested are ADT Inc., Barnes & Noble, 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.[7][8]

  1. ^ a b c d "Apollo Global Management, Inc. 2022 Form 10-K Annual Report". U.S. Securities and Exchange Commission. March 1, 2023.
  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. ^ Idzelis, Christine (September 19, 2019). "Apollo's Josh Harris Talks Private Markets at Delivering Alpha". Institutional Investor.
  4. ^ Gordon, Amanda L. (October 2, 2018). "Apollo's Marc Rowan Gives Wharton $50 Million for Professorships". Bloomberg News.
  5. ^ "Apollo Global Management Investor Presentation" (PDF). Apollo Global Management. March 2021.
  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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