Apollo AUM reaches $1.07tn as private markets inflows accelerate
TOP STORY: Apollo Global Management’s assets under management increased 18% year-on-year to $1.07tn in the third quarter of 2026, supported by $53bn in new inflows and continued institutional demand for private credit and alternative investments, according to a report by Reuters.
Apollo Global Management's assets under management surged to $1.07tn by the third quarter of 2026, marking an 18% increase year-on-year, according to Reuters. This growth was driven by $53bn in new investments and sustained demand from institutions looking into private credit and alternative investments. The company's fee-related earnings jumped by 23%, fueled by a record quarterly revenue and increased margins, while adjusted net income per share rose to $2.15, slightly higher than the $2.14 recorded in the same period last year.
Apollo's gross capital deployment saw an 18% rise, with origination expanding by 52% to reach $114bn in the quarter. The firm pointed to burgeoning opportunities in infrastructure, energy, defense, manufacturing, and computing sectors as businesses amplified their capital expenditures. Notably, despite the impressive growth, Apollo reported a GAAP net loss of $1.06bn, largely due to unrealized mark-to-market losses from high interest rates.
These non-cash expenses were offset by robust fee-related performance. The results come at a time when private credit valuations and liquidity have come under intense scrutiny, with Apollo CEO Marc Rowan vowing to enhance transparency and liquidity in private markets.
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