Apollo Global Management

Apollo Global Management, Inc. is an American <a href="/facts/Asset_Management/LR50A8E0">asset management firm</a> that primarily invests in <a href="/facts/Alternative_assets/0f5GKcjy">alternative assets</a>. As of 2022, the company had $548 billion of assets under management, including $392 billion invested in credit, including <a href="/facts/Mezzanine_capital/VEpEPNCd">mezzanine capital</a>, <a href="/facts/Hedge_fund/LYsk45YD">hedge funds</a>, <a href="/facts/Non-performing_loan/kBMEogo0">non-performing loans</a>, and <a href="/facts/Collateralized_loan_obligation/2LWSXLpt">collateralized loan obligations</a>, $99 billion invested in <a href="/facts/Private_equity/DpqoqjBH">private equity</a>, and $46.2 billion invested in real assets, which includes <a href="/facts/Real_estate/fngFAqrR">real estate</a> and <a href="/facts/Infrastructure/QJvbsSpl">infrastructure</a>. The company invests money on behalf of <a href="/facts/Pension_fund/2xfNIHWS">pension funds</a>, <a href="/facts/Financial_endowment/RHm7Hqsy">financial endowments</a>, and <a href="/facts/Sovereign_wealth_fund/U3vJnbL4">sovereign wealth funds</a>, as well as other institutional and individual investors.
Apollo was founded in 1990 by <a href="/facts/Leon_Black/gNUIpfhn">Leon Black</a>, <a href="/facts/Josh_Harris_(businessman)/C0L5yMpI">Josh Harris</a>, and <a href="/facts/Marc_Rowan/VQbjVAbw">Marc Rowan</a>, former investment bankers at the defunct <a href="/facts/Drexel_Burnham_Lambert/0ST7jp7E">Drexel Burnham Lambert</a>. The company is headquartered in the <a href="/facts/Solow_Building/Ej1WmcPp">Solow Building</a> in <a href="/facts/New_York_City/YlyvFmVC">New York City</a>, with offices across North America, Europe, and Asia. Founder and CEO Leon Black resigned as CEO in 2021 in the wake of sexual misconduct allegations and revelations that he had paid $158 million to <a href="/facts/Jeffrey_Epstein/QY3Xggt3">Jeffrey Epstein</a>.
Among the most notable companies in which funds managed by the company have invested are <a href="/facts/ADT_Inc./CIMLhVFT">ADT Inc.</a>, <a href="/facts/CareerBuilder/93reY886">CareerBuilder</a>, <a href="/facts/Cox_Media_Group/ytqlCMVz">Cox Media Group</a>, <a href="/facts/Intrado/7wCdCFER">Intrado</a>, <a href="/facts/Legendary_Entertainment/yKejRWTU">Legendary Entertainment</a>, <a href="/facts/Rackspace_Technology/4S5ehJgY">Rackspace Technology</a>, <a href="/facts/Redbox/jzBr2XAR">Redbox</a>, <a href="/facts/Shutterfly/6bN7stJK">Shutterfly</a>, <a href="/facts/Sirius_Satellite_Radio/PgBc1f6E">Sirius Satellite Radio</a>, <a href="/facts/Qdoba/lo7Qm4km">Qdoba</a>, <a href="/facts/Smart_%2526_Final/HrEmm2kF">Smart & Final</a>, <a href="/facts/The_Restaurant_Group/RAxG6KSD">The Restaurant Group</a>, <a href="/facts/University_of_Phoenix/7FgXW9JI">University of Phoenix</a>, and <a href="/facts/Yahoo!_Inc._(2017%25E2%2580%2593present)/b9VtzdL8">Yahoo Inc.</a> In addition to its private funds, Apollo operates Apollo Investment Corporation (AIC), a US-domiciled <a href="/facts/Publicly_traded/tnJQvSdR">publicly traded</a>, private-equity, <a href="/facts/Closed-end_fund/PK2QJoJ4">closed-end fund</a> and <a href="/facts/Business_Development_Company/eLVBXmjL">Business Development Company</a>. AIC provides <a href="/facts/Mezzanine_debt/VEpEPNCd">mezzanine debt</a>, senior <a href="/facts/Secured_loan/xK1VCl9t">secured loans</a>, and equity investments to <a href="/facts/Middle-market_companies/hfBqejkG">middle-market companies</a>, including public companies, although it historically has not invested in companies controlled by Apollo's private-equity funds.
In June 2024, Apollo Global Management ranked 29th in <a href="/facts/Private_Equity_International/90JnuBm2">Private Equity International</a>'s PEI 300 ranking among the world's largest private equity firms.

Apollo Global Management open-in-new

Apollo Global Management