Have you heard of Apollo Global Management? Apollo Global Management, a premier global alternative investment manager, excels in private equity, credit, and real estate. Founded in 1990 by Leon Black, Joshua Harris, and Marc Rowan, Apollo’s success is driven by innovative strategies and a dedicated global team. Discover how Apollo’s expertise and tireless efforts have solidified its reputation as a leader in the financial industry. The most common notable firms in which the company’s funds have invested include ADT Inc., Career Builder, Cox Media Group, Intrado, Legendary Entertainment, Rackspace Technology, Redbox, Shutterfly, Sirius Satellite Radio, Qdoba, Smart & Final, University of Phoenix, and Yahoo Inc. That information indicates how dependable they are in their work.
TIP: Marc Rowan is one of the co-founded of Apollo Global Management and is its CEO.
Brief History of Apollo Global Management
Apollo Global Management is a leading global alternative investment manager. It was founded in 1990 by Leon Black, Joshua Harris, and Marc Rowan, former Drexel Burnham Lambert bankers. The firm quickly gained recognition for its expertise in private equity, credit, and real estate, growing its assets under management significantly over the years. Apollo Global Management has established itself as a powerhouse in the alternative investment industry, known for its innovative investment strategies, strong leadership, and ability to adapt to changing market conditions. With a diverse portfolio and a global presence, Apollo remains a key player in the financial world, consistently seeking new opportunities for growth and value creation.
Founding and Early Years (1990-2000):
- 1990: Leon Black, Joshua Harris, and Marc Rowan established Apollo Global Management following the collapse of Drexel Burnham Lambert.
- 1990s: The firm focused on leveraged buyouts, distressed securities, and debt investments, capitalizing on its founders’ expertise in these areas.
- 1995: Apollo closed its first private equity fund with $3.6 billion in capital commitments, marking its initial success in raising substantial funds.
Expansion and Diversification (2000-2010):
- 2000s: Apollo diversified its investment strategies, expanding into credit, real estate, and other alternative assets.
- 2006: The firm launched Apollo Investment Corporation, a business development company, providing another avenue for growth.
- 2007: Apollo went public through a reverse merger with an affiliate of the publicly traded company, Apollo Investment Corporation.
Global Growth and Acquisitions (2010-2020):
- 2011: Apollo completed its initial public offering (IPO) on the New York Stock Exchange (NYSE), further enhancing its visibility and access to capital.
- 2013: The firm acquired the life insurance and annuity business Aviva USA, expanding its presence in the insurance sector.
- 2018: Apollo acquired the international education company McGraw-Hill Education, demonstrating its ability to invest in diverse industries.
Recent Developments (2020-Present):
- 2020: Apollo continued to grow its assets under management, reaching over $400 billion, making it one of the largest alternative asset managers globally.
- 2021: The firm announced a strategic merger with Athene Holding Ltd., a leading retirement services company, further solidifying its position in the insurance sector.
- 2022-Present: Apollo has continued to expand its global footprint, investing in various sectors, including technology, healthcare, and financial services.
Location of Apollo Global Management
Apollo Global Management is headquartered in New York City, United States.
In addition to its headquarters in New York City, Apollo Global Management operates offices in various major cities around the world, including:
United States:
- Los Angeles, California
- San Diego, California
- Houston, Texas
Europe:
- London, United Kingdom
- Frankfurt, Germany
- Madrid, Spain
- Luxembourg
Asia:
- Hong Kong
- Mumbai, India
- Singapore
- Tokyo, Japan
Australia:
- Sydney
Is this the sole venture managed by Apollo Global Management?
Of course, not! Apollo Investment Corporation (AIC) is a US-domiciled publicly listed private-equity, closed-end fund business development company that operates efficiently. This is in addition to its existing private funds. AIC provides subsidiary finance, secondary secured funding, and equity investments to middle-market companies, including publicly traded corporations, but it has generally not invested in firms controlled by Apollo’s private equity funds.
What about those who labor tirelessly for the success of this company? What influence do they have?
The success of Apollo Global Management is a testament to the tireless efforts and significant contributions of its dedicated employees. Founded by Leon Black, Joshua Harris, and Marc Rowan, the company has grown under their visionary leadership. The executive team, led by CEO Marc Rowan, steers strategic initiatives and oversees complex investments.
Apollo’s success is built on the collective efforts of its global teams, whose adaptability and innovation keep the firm ahead in the ever-changing market. By establishing a presence in key financial centers, employees have expanded Apollo’s reach, accessing a broader range of opportunities and clients. The dedication to building strong client relationships further solidifies Apollo’s reputation as a leading alternative asset manager. Through their relentless work, Apollo’s employees have propelled the firm to its prominent position in the financial world.
Conclusion
This enterprises plays an important role in empowering retirees, establishing and financing stronger business, and forging a more sustainable future. They are a leader in alternative assets management and retirement services. This has helped clients achieve financial security through best-in-class experience over the years. This is especially important given that interest rates are rising. Overall, they offer three things: retirement solutions, strong businesses, and equity.
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