A

Apollo Global

Invests client and insurance money in private credit

Overview

Apollo Global Management invests money for pension funds, insurers, wealthy individuals and its own retirement business, with most of its assets in private credit, meaning loans arranged directly with companies rather than bought on public markets. It also runs private equity and real estate funds, and its buyout teams have a long record of backing troubled or complex companies. Apollo owns Athene, a retirement insurer that sells annuities and gives the premiums to Apollo to invest, so the firm earns fees from clients plus the spread between Athene's investment returns and what it pays policyholders. Apollo was founded in 1990 and is based in New York.

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About Apollo Global

Simplify's Rating
Why Apollo Global is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

1990

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Simplify's Take

What believers are saying

  • Money keeps arriving: Apollo took in $60 billion of inflows in the June 2026 quarter, $22 billion at Athene.
  • Apollo posted record results: adjusted net income reached $1.3 billion in the June 2026 quarter.
  • The fee income behind salaries is growing: Apollo's management fees rose 23% year over year in the June 2026 quarter.

What critics are saying

  • Retail clients want out: Apollo Debt Solutions withdrawal requests hit 16.8%, about $2.4 billion, in June 2026.
  • Apollo carries the credit risk itself: Athene must pay annuity holders even when the loans it buys go bad.
  • Equity pay has shrunk: Apollo shares fell 6% to $122.60 on June 24, 2026, after the second withdrawal cap.

What makes Apollo Global unique

  • Apollo owns its biggest client: it managed $415.7 billion for retirement insurer Athene as of June 2026.
  • Insurance spreads earn as much as fund fees: Q2 2026 spread earnings were $877 million versus $785 million in fees.
  • Lending, not buyouts, drives Apollo: 86% of its fee-earning assets sit in private credit.

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Funding

Total Funding

$10.9B

Above

Industry Average

Funded Over

0 Rounds

Benefits

  • Performance Bonus

Stock Price

Company News

Investment Week
Oct 13th, 2026
Apollo appoints BlackRock sales director Heather Christie as head of UK wealth.

Apollo appoints BlackRock sales director Heather Christie as head of UK wealth. Newly-created role. Apollo Global Management has appointed Heather Christie as head of UK wealth. To continue reading this article... Join investment week today. Free for those involved in advising, managing and/or analysing investments or £1 per day for professionals outside of these roles.

APAC News Network
Oct 9th, 2026
Apollo Global names Indranil Ghosh APAC Credit Head.

Apollo Global names Indranil Ghosh APAC Credit Head. Summarize with: New Delhi, Oct 9(APAC Media): Indranil Ghosh has joined Apollo Global Management as Managing Director - APAC Credit and Hybrid, taking charge of credit and hybrid investment strategies across the Asia-Pacific region. He joins Apollo after serving as Managing Director and Head of Asia Special Situations at Cerberus Capital Management. He previously led Cerberus' India operations as India Head, working on investment opportunities in the country. Previous Roles At AION Capital And Cerberus Before joining Cerberus, Ghosh served as Principal at AION Capital Partners, a joint venture between Apollo Global Management and ICICI Bank. His experience also includes investment banking roles at Citigroup Venture Capital, Lehman Brothers and Citi. Focus On APAC Credit Investments His appointment comes as Apollo continues to develop its investment business across global markets. His experience in special situations, investment banking and regional leadership is relevant to the firm's credit and hybrid investment activities in Asia-Pacific. Credit and hybrid strategies can include investments across different parts of a company's capital structure, depending on the mandate. Ghosh's new role places him in charge of these strategies across APAC, although Apollo has not provided further details in the information available about his immediate priorities or specific investment plans. His move from Cerberus to Apollo also marks a return to a firm connected to his earlier career through AION Capital Partners, where Apollo and ICICI Bank operated a joint venture. Summarize with:

Portland Press Herald
Oct 8th, 2026
Uneasy about susan collins' backers | letter.

Uneasy about susan collins' backers | letter. Posted 3:00 PM Read all of our coverage of Maine's 2026 election or stay up to date with the latest developments through the Maine Political Report in your inbox or text messages from politics editor Kirby Wilson. Apollo Global Management purchased and sold off the assets of paper mills in Bucksport and Jay, resulting in the loss of more than 1,000 jobs for working-class Mainers. Furthermore, the current proposal to build an AI data center at one of these sites will only offer temporary construction work, with very few permanent positions created. This story is for subscribers. Choose a plan to keep reading. Fall Sale Unlimited Access $1 for 8 weeks * | 8 weeks of access for $1 * | Full access to our websites, ePapers and app * | Newsletters, archives, puzzles and games * | In-depth reporting, investigations and must-read stories * | Share access with up to four other people in your household Annual Digital $99 per year Billed annually - Save 56% * | One year of access for $99 * | Full access to our websites, ePapers and app * | In-depth reporting, investigations and must-read stories * | Share access with up to four other people in your household

The Next Web
Oct 7th, 2026
SpaceX reportedly in talks to borrow $40B to buy Nvidia AI chips

SpaceX is in talks to raise $40bn in debt to buy Nvidia AI chips, with Apollo leading and Pimco in talks, according to some reports.

Trade Show Executive
Oct 6th, 2026
Informa to acquire Clarion Events for $2.97 billion.

Informa to acquire Clarion Events for $2.97 billion. Maddy Ryley, Managing Editor * October 6, 2026 LONDON - Informa continues to dominate the global exhibitions industry with the acquisition of Clarion Events from asset manager Blackstone. The deal is expected to be completed in Q4 of 2026, subject to customary regulatory clearances. The £2.24 billion ($2.97 billion) acquisition is one of the industry's biggest deals in history, topping the amount that Apollo purchased Emerald and Questex for (Emerald transaction estimated at $1.5 billion), as well as Searchlight Capital's nearly $1.8 billion purchase of CloserStill Media. Deal Highlights According to Informa's press release about the acquisition, the enterprise value represents a multiple of 11.1x 2027 expected EBITDA. The deal also allows Informa to enter three high-growth strategic markets at scale through Clarion brands: Electronics (IFA Berlin), Defense and Security (DSEI) and Gaming (ICE in Barcelona). The acquisition also adds to Informa's existing portfolio in Energy (DISTRIBUTECH) and Technology (ITC Vegas). With Clarion's deep presence in the North American, Asian and European markets, Informa benefits from greater depth in the regions, and will explore opportunities to geo-locate and syndicate Clarion brands in the IMEA region, where Informa already has a strong foothold. The acquisition also supports the One Informa growth initiatives, which include lead generation, non-endemic sponsorship, digital and data services, and hotel and city partnerships. The Industry's Giant Just Got Bigger According to Grant Thornton Stax's Top 20 rankings of the biggest exhibition organizers by 2025 revenue, Clarion Events ranked No. 3 overall, and the highest of any privately-owned organizers. Informa took the top spot with revenue hitting $3.7 billion (30% growth from 2024), with a large portion of that revenue growth being attributed to its acquiring of Ascential, which brought Cannes Lions and Money20/20 into its portfolio. Before the Clarion acquisition, Informa's revenue already surpassed its nearest competitor, RX, by more than double its revenue from exhibitions. The press release from Informa also details the plans to combine the Informa and Clarion businesses, with Clarion CEO Lisa Hannant remaining in her role and joining the Informa Executive Leadership team. Informa Focuses on Core B2B Business The announcement of the acquisition came alongside Informa announcing its plans to separate its Taylor & Francis business. In a press release from Informa, CEO Stephen A. Carter stated: "The planned separation of Taylor & Francis coincides with further expansion in B2B through the £2.24bn acquisition of Clarion, the U.K.-based owner of more than 100 B2B Live Events brands. The combination will underscore Informa as the U.K.-listed, international leader in B2B Live Events, with annual Group revenues exceeding $6 billion and underlying growth of 7%+/-."

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