Apollo Global Management, Inc. is an alternative asset management company that was founded in 1990 by Leon Black, Joshua Harris, and Marc Rowan. The company is headquartered in New York City and has over 1,500 employees across the globe. Apollo manages a range of investment vehicles, including private equity, credit, and real estate funds.
The company's private equity funds invest in companies across a variety of industries, including healthcare, energy, and consumer goods. Apollo's credit funds provide financing to companies and institutions in need of capital, and the real estate funds invest in commercial and residential properties. Apollo also manages a range of other alternative investment products, such as natural resources and infrastructure funds.
Apollo went public in 2011, with an initial public offering on the New York Stock Exchange. Since then, the company has grown to become one of the largest alternative asset managers in the world, with over $460 billion in assets under management as of 2021. Apollo's success is driven by its ability to identify investment opportunities and create value for its investors.
Apollo is known for its hands-on approach to investing. The company's investment professionals work closely with the management teams of its portfolio companies to improve operations, increase efficiencies, and create long-term value. Apollo's approach to investing has earned the company a reputation for being one of the most successful and innovative alternative asset managers in the world.
In recent years, Apollo has also made headlines for its involvement in a number of high-profile deals. In 2019, the company acquired Tech Data Corporation, a global technology distributor, for $5.4 billion. Apollo has also been involved in the restructuring of a number of major companies, such as Claire's and iHeartMedia.