Apollo assets reach $1.07 trillion on alternative investment demand
APO•Apollo Global Management reported $53 billion of third-quarter inflows, lifting assets under management 18% from a year earlier to $1.07 trillion. Fee-related earnings grew 23% to a record, while adjusted net income was $2.15 per share.
1. Inflows lift assets
Apollo Global Management reported $53 billion of inflows in the third quarter, raising assets under management to $1.07 trillion. Fee-related earnings grew 23%, driven by record quarterly fee-related revenue and margin expansion.
2. Deployment and results
Adjusted net income excluding notable items was $2.15 per share for the three months ended September 30, compared with $2.14 a year earlier. Gross capital deployment climbed about 18%, and origination rose 52% to $114 billion. On a GAAP basis, Apollo reported a $1.06 billion loss, driven by unrealized mark-to-market losses as interest rates remained elevated.
3. Private market scrutiny
Apollo CEO Marc Rowan has pledged to increase transparency and liquidity for private assets as valuations for typically illiquid assets have come under scrutiny. The article said Apollo shares were down 17.5% in 2026 and noted a selloff in private credit funds following a surge in investor withdrawals.
