Apollo Global Management reported a 20 percent rise in third-quarter profit, fueled by higher fee income and growing assets under management. Adjusted net income climbed to $1.36 billion, or $2.17 per share, surpassing expectations. The alternative-asset giant cited robust deal flow in private credit and structured finance as key drivers.

The firm’s assets under management expanded by 8 percent, reflecting continued institutional demand for private-market exposure. Apollo said that origination pipelines remain strong even as interest-rate volatility tempers traditional financing options. Its insurance affiliate Athene also contributed solid results through annuity growth.

Management emphasized that its diversified investment platform provides stability in uncertain markets. CEO Marc Rowan said clients are increasingly turning to Apollo for flexible financing and yield solutions unavailable in public markets. The company’s focus on opportunistic and value-oriented investing has helped sustain double-digit returns.

The strong quarter underscores a broader trend among private-equity firms benefiting from higher demand for alternative assets. With global capital seeking inflation-hedged returns, managers like Apollo are capturing a growing share of institutional portfolios. Analysts see continued growth through 2026 if fundraising conditions hold steady.

Apollo’s performance reinforces the shift in global finance toward private markets, signaling deep investor appetite for yield, stability, and diversification beyond traditional asset classes.

Source: Reuters.