Apollo Global Management reported net inflows of nearly $30 billion in the last quarter of 2023, driving its assets under management (AUM) to a new peak of $938 billion. This growth contributed to the company exceeding earnings expectations for the period.
The increase in AUM reflects continued investor confidence and demand for Apollo’s investment products. The firm’s financial performance was supported by these inflows and strong operational results across its business segments.
**Why this matters**
Apollo’s record assets under management highlight its expanding role in the global investment landscape. Sustained inflows and robust earnings indicate positive momentum, which may influence market perceptions and investor decisions in the alternative asset management sector.
Source: NewsData