Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
(Reuters) – The profit of the fourth quarter of Apollo Global Management exceeded expectations on Tuesday, helped by strong growth of reimbursements and solid performance in his pension activities.
The alternative asset manager recorded $ 33 billion in inflow, powered by his credit -oriented strategies and capital products, while his assets under management rose by 15% to $ 751 billion.
The company has set goals for managing $ 1 trillion assets by 2026 and $ 1.5 trillion by 2029.
The results can help Apollo to move forward to the daring goals it set out on his investor day last October, where it said the plans to more than double in the next five years.
The adjusted net result of Apollo rose by 15% to $ 1.36 billion, or $ 2.22 per share. Analysts expected a profit of $ 1.89 per share, according to estimates drawn up by LSEG.
Fee-related income, a benchmark for the profitability of the company’s segment, rose by 21% to a quarterly record of $ 554 million.
Spread-related income, which assesses the performance of his pension service unit, rose by 12% to $ 841 million.
The company also reported $ 61 billion in origination volume. It has said earlier that origin, which refers to the process of identifying high -quality credit financing options, would be a core growth motor in the next phase.
Apollo reported an unspoken capital reserve of $ 61 billion and deployed $ 63 billion on investments in the quarter.
The CEO of the company, Marc Rowan, was reportedly a competition for the role of the Treasury Secretary under US President Donald Trump, but the position eventually went to Hedge Fund Manager Scott Bessent. Apollo gave Rowan a five -year extension in January.
The shares of the company have risen by 62% in the past year.
Last week, Blackstone also reported the win of the fourth quarter that surpassed estimates, powered by a pick-up in deal.
(Reporting by Niket Nishant in Bengaluru; adaptation by Pooja Desai)
