Apollo Global Management, Inc. operates as a premier global alternative investment manager and retirement services provider. The company's business model is divided into two primary segments: Asset Management and Retirement Services. The Asset Management segment focuses on raising, investing, and managing capital across private equity, credit, and real assets on behalf of pension funds, endowments, sovereign wealth funds, and other institutional and individual investors. The Retirement Services segment is driven by its subsidiary, Athene, which specializes in issuing, reinsuring, and acquiring retirement savings products, including fixed and fixed indexed annuities. Apollo's distinctive competitive advantage lies in its integrated ecosystem, where Athene provides a massive, perpetual capital base that Apollo can deploy into its proprietary asset-backed finance and private credit origination platforms. This synergy allows Apollo to capture illiquidity premiums and generate substantial fee-related and spread-related earnings. With hundreds of billions in assets under management, Apollo maintains a significant global footprint with offices across North America, Europe, and Asia.
