Reported about 5 hours ago
Apollo Global Management Inc. has successfully raised a record $12 billion in capital from wealthy clients, significantly increasing its assets and achieving a 50% growth in its wealth business last year. This comes as the firm focuses on credit products, resulting in a $100 billion rise in assets under management, alongside notable increases in management fees and direct origination returns. By 2029, Apollo aims to expand its managed assets to nearly $1.5 trillion, positioning itself at the forefront of the convergence of public and private markets.
Source: YAHOO