# Apollo Asset Management

Apollo Asset Management is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 1990
- **Assets under management:** Undisclosed
- **Website:** apollo.com
- **LinkedIn:** https://www.linkedin.com/company/apollo-global-management-inc

## Regulatory record

- **Reports private funds:** No

## About

Apollo Asset Management is a US-based asset manager in New York. It oversees approximately $14.5 billion in assets across two funds, primarily focused on North America.

## Sectors

- Private Credit
- Real Estate
- Private Equity
- Infrastructure
- Secondaries & Special Situations
- Insurance

## Offices

- Los Angeles, CA
- London, UK
- Singapore
- Hong Kong

## People

- Marc Rowan — Chief Executive Officer
- Scott Kleinman — Co-President
- James Zelter — Co-President

## Questions

### Who runs investment decisions at Apollo?

Marc Rowan serves as CEO and sits on the conflict committee that governs allocations between Athene and third-party funds. Scott Kleinman and James Zelter, as co-presidents, oversee private equity and credit respectively. Investment committees at the fund level include senior partners with sector-specific authority, and Athene's asset-liability team coordinates closely with Apollo's credit-origination desks.

### How does Apollo's relationship with Athene affect deal sourcing?

Athene provides a permanent liability pool that Apollo manages under an investment management agreement. This allows Apollo to originate loans and hold them directly on Athene's balance sheet rather than syndicating, creating a sourcing advantage in middle-market direct lending. The arrangement is governed by an independent conflicts committee and subject to regulatory oversight by the New York Department of Financial Services and the SEC.

### Does Apollo participate in fund commitments or only direct deals?

Apollo raises traditional closed-end drawdown funds for private equity and real assets alongside permanent vehicles for credit. Institutional investors commit to Apollo Investment Fund X-style private equity vehicles, while Athene's balance sheet operates as a separate permanent-capital pool. The credit business also offers retail-accessible products through the Apollo Debt Solutions BDC and other registered vehicles.

### What investment stages does Apollo typically target?

Private equity focuses on mature, control-buyout opportunities in North America and Europe, often targeting $500 million to $5 billion in enterprise value. The credit platform spans the full capital structure, including unitranche loans, mezzanine, and asset-backed finance. Real assets concentrate on operating platforms in real estate and infrastructure that generate long-duration cash flows attractive to insurance liability matching.

### How is Apollo structurally different from Blackstone or KKR?

Apollo owns a majority stake in Athene, a publicly traded retirement-services provider with over $200 billion in assets, giving it the largest permanent insurance balance sheet among publicly traded alternative managers. Blackstone and KKR have since built similar insurance-affiliated platforms, but Apollo's model is more deeply integrated — Athene's general account investment team sits inside Apollo's credit-origination apparatus, making the partnership operationally inseparable even though legal separateness is maintained.

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Last updated: 2026-06-03T20:00:00.000Z

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