Public | |
Traded as | : APO |
Industry | Asset management |
Founded | 1990 |
Founders | Leon Black, John Hannan, Josh Harris, Marc Rowan, Craig Cogut, Arthur Bilger, Antony Ressler |
Headquarters | Solow Building, New York City, New York, United States |
Key people
|
Leon Black (Chairman and CEO) Marc Rowan (Senior Managing Director) Josh Harris (Senior Managing Director) |
Products | Private equity funds, credit funds, real estate funds, alternative investment, leveraged buyouts, growth capital, venture capital |
AUM | US$232 billion (2017) |
Total assets | US$3.4 billion (2017) |
Website | www |
Public company | |
Traded as | NASDAQ: AINV |
Founded | 2004 |
Revenue | US$404M (FY 2010) |
US$263M (FY 2010) | |
Total assets | US$3.47B (FY 2010) |
Total equity | US$1.77B (FY 2010) |
Website | www |
Public company | |
Traded as | Euronext: AAA |
Founded | 2004 |
Website | www |
Public | |
Successor | Ares Management |
Founded | 1990 |
Website | www |
Public | |
Predecessor | Lion Advisors |
Founded | 1997 2002 (independent) |
Website | www |
Apollo Global Management, LLC is an American private equity firm, founded in 1990 by former Drexel Burnham Lambert banker Leon Black. The firm specializes in leveraged buyout transactions and purchases of distressed securities involving corporate restructuring, special situations, and industry consolidations. Apollo is headquartered in New York City, and also has offices in Purchase, New York, Los Angeles, Houston, London, Frankfurt, Luxembourg, Singapore, Hong Kong and Mumbai.
As of August 2017, Apollo managed over US$232 billion of investor commitments across its private equity, credit and real asset funds and other investment vehicles making it the second largest US-based alternative asset management firm. Among the most notable companies currently owned by Apollo are Claire's, Caesars Entertainment Corporation, Novitex Enterprise Solutions, and Rackspace.
Apollo, originally referred to as Apollo Advisors, was founded in 1990, on the heels of the collapse of Drexel Burnham Lambert in February 1990. It was founded by Leon Black, the former head of Drexel's mergers and acquisitions department, along with other Drexel alumni. Among the most notable founders are John Hannan, Drexel's former co-director of international finance; Craig Cogut, a lawyer who worked with Drexel's high-yield division in Los Angeles; and Arthur Bilger, the former head of the corporate finance department. Other founding partners included Marc Rowan, Josh Harris and Michael Gross, who both worked under Black in the mergers and acquisitions department, and Antony Ressler, who worked as a senior vice president in Drexel's high yield department with responsibility for the new issue/syndicate desk.