Apollo Global Management Reports Strong Q4 Earnings, Assets Surge

Apollo Global Management reported a robust fourth-quarter performance, exceeding profit expectations with a 15% rise in adjusted net income to $1.36 billion, or $2.22 per share. The firm experienced significant inflows of $33 billion, primarily driven by its credit-focused strategies and wealth products, leading to a 15% increase in assets under management, totaling $751 billion. Apollo has ambitious growth targets, aiming to manage $1 trillion by 2026 and $1.5 trillion by 2029. The company's fee-related earnings reached a record $554 million, and spread-related earnings from its retirement services grew to $841 million. Additionally, Apollo reported $61 billion in capital origination, highlighting its focus on credit financing opportunities. CEO Marc Rowan received a five-year extension, reflecting confidence in his leadership as the company continues to expand in a competitive market.