Apollo Global Management, Inc., is a global alternative investment manager firm. It was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan. Apollo is headquartered in New York City, with offices across North America, Europe and Asia. The company's stock is publicly traded on the NYSE under the symbol 'APO'.
The firm specializes in investing across credit, private equity, and real assets.
Apollo Global Management reported $414B of assets under management at the end of June 2020. Around 72% of assets are in the credit business. Around 18% of assets are in private equity. The remaining 10% of assets are in real assets. Around 66% of assets are in the credit business. Around 21% of assets are in private equity. The remaining assets are in real assets.
Among the most notable companies Apollo has an investment in are ADT, CareerBuilder, Cox Media Group, Intrado, Rackspace, Redbox, Shutterfly, Smart & Final, and University of Phoenix.
In March 2021, Apollo Global Management announced plans to merge with Athene Holding, the life insurance company. The merger values Athene at $11 billion. Since it was founded in 2009, Athene has been backed by Apollo. Athene went public in 2016 and had a market capitalization of just over $10 billion. Prior to the merger announcement, Apollo already owned 35% of Athene. The deal is expected to close in January 2022. The combined entity will have a market cap of $29 billion, making it eligible for inclusion in the S&P 500 index.
Highest paying job titles at Apollo Management include Director, Risk Management, Financial Reporting Manager, and Event Director