Apollo Global Management, Inc.

Apollo is one of the world's largest alternative asset managers, with $908.4 billion in total assets under management, or AUM, including $685.0 billion in fee-earning assets, at the end of September 2025. The company has two core operating segments: asset management and retirement services. Apollo operates with scale in each of its major product lines-private equity (with $125.6 billion in total AUM and $71.7 billion in fee-earning AUM), real estate/real assets ($59.6 billion/$27.1 billion), and private credit ($723.2 billion/$586.2 billion). Apollo has a distribution profile that is likely not too far off from the industry averages-with 84% of its assets held by institutional investors and 16% by high-net-worth clients.

Consensus

Buy

Average target

$159.00

Implied upside

—

Analysts

13

Why Is APO Down Today?

Apollo Global Management is down 2.29% today as the broader private equity and credit sectors face headwinds amid upcoming Q3 earnings and structural concerns about private credit markets. The decline reflects investor caution ahead of APO's earnings report and broader challenges facing alternative asset managers in the current environment.

Bottom line: APO's 2.29% decline today reflects broader concerns about the private credit sector's outlook and caution ahead of Q3 earnings rather than company-specific bad news. While structural challenges in private credit markets present headwinds, APO's exposure to active M&A activity and diversified asset classes offer offset opportunities—making the upcoming earnings report and management commentary critical for determining near-term direction.