Apollo targets $1 trillion in assets, aiming to outpace Blackstone

Apollo Global Management said it expects its assets under management to double to about $1 trillion by 2026, setting up a race with fellow investment behemoth Blackstone, which has set the same lofty target.

Apollo expects the merger with its insurance affiliate Athene Holding Ltd. , which is scheduled to close in January, to power much of the projected growth. The firm released new financial guidance ahead of a planned investor day Tuesday. Apollo managed $472 billion in assets as of the end of the second quarter.

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Apollo is a high-growth, global alternative asset manager. They invest with a focus on three business strategies: yield, hybrid and opportunistic. Through our investment activity across our fully integrated platform, we serve the retirement income and financial return needs of our clients, and we offer innovative capital solutions to businesses.

Source: Wall Street Journal

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