Alternative asset manager Apollo has surpassed the one trillion-dollar mark, reaching $1.03tn (£0.75tn) in assets under management, according to its latest financial results.
“Our first quarter results set a strong tone for the year, with record fee-related earnings and assets under management surpassing $1tn – a testament to the trust our clients place in us and a reminder of the value we create at scale”, said Marc Rowan, Apollo’s chairman and chief executive.
The one trillion milestone occurred due to total inflows of $115bn in the first quarter of this year and $300bn over the last twelve months, resulting in a 31 per cent increase year-over-year in total assets.
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The firm said capital solutions fees grew 60 per cent year-over-year driven by direct origination, asset-backed finance, multi-credit, and opportunistic credit transactions.
Management fees derived from credit transactions stood at $681m for the first quarter, a nearly 20 per cent rise compared to the same quarter in 2025 and higher than the $669m recorded in the last quarter of 2025. Credit represents over 70 per cent of all management fees accrued in the first quarter.
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In terms of gross returns, Apollo’s credit segment recorded all positive figures, unlike rival KKR whose results, also published today, showed a slight dip in returns.
Apollo’s opportunistic credit strategy returned two and a half per cent over the quarter and its multi-credit strategy one per cent.
