Apollo AUM reaches $1.07tn as private markets inflows accelerate

The assets under management of Apollo Global Management reached $1.07tn in the third quarter of 2026, marking an 18% year-on-year increase. This surge was fueled by $53bn in fresh investments and sustained demand from institutional investors for private credit and alternative investment opportunities, as per a Reuters report. The alternative asset manager, based in New York, also witnessed a 23% rise in fee-related earnings, buoyed by record quarterly fee-related revenue and margin expansion.

Adjusted net income, excluding certain items, stood at $2.15 per share, a slight improvement from $2.14 a year earlier. Apollo's gross capital deployment grew by approximately 18% during the quarter, with origination surging 52% year-on-year to $114bn. The firm pointed to burgeoning investment opportunities in infrastructure, energy, defense, manufacturing, and computing capacity, as businesses ramp up capital expenditure.

However, Apollo's GAAP net loss amounted to $1.06bn, largely attributed to unrealized mark-to-market losses due to higher interest rates. Despite this, the non-cash adjustments accompanied stronger fee-related performance. The results unfolded amidst heightened scrutiny of private credit valuations and liquidity, with Apollo CEO Marc Rowan committing to enhance transparency and liquidity in private markets.