Key facts
- Apollo's assets under management rose 18% from a year earlier to $1.07 trillion.
- Apollo said origination reached $114 billion in the third quarter, up 52% from a year earlier.
- Apollo said gross capital deployment climbed about 18% in the third quarter.
- Apollo reported a GAAP loss of $1.06 billion on unrealized mark-to-market losses as interest rates stayed elevated.
- Apollo shares were down 17.5% in 2026, the company said.
Apollo Global Management reported $53 billion of inflows in the third quarter, lifting assets under management to $1.07 trillion, the New York-based company said on November 3. Assets under management rose 18% from a year earlier.
Fee-related earnings grew 23% in the third quarter, which Apollo attributed to record quarterly fee-related revenue and margin expansion. Adjusted net income excluding notable items was $2.15 per share for the three months ended September 30, against $2.14 per share a year earlier.
Apollo said gross capital deployment climbed about 18% in the third quarter. Origination, which the company ties to the availability of investment and lending opportunities, came in at $114 billion, up 52% from the year-ago period.
On a GAAP basis, Apollo reported a loss of $1.06 billion for the quarter, driven by unrealized mark-to-market losses as interest rates remained elevated. Apollo shares were down 17.5% in 2026, and the company noted that alternative asset manager stocks fell across Wall Street earlier in the year as the private credit sector faced a selloff following a rise in investor withdrawals from funds.
CEO Marc Rowan has pledged to increase transparency and liquidity for private assets as valuations for typically illiquid assets have come under scrutiny across the sector.