Apollo Global Management achieved record quarterly earnings in the second quarter of 2026, with assets under management (AUM) surpassing $1 trillion. The firm's fee-related earnings surged by 25% to $785 million, while the spread earned on its insurance assets increased by 7% to $877 million. These record figures were primarily boosted by fees generated from offering direct loans and asset-backed finance.
Apollo's net income attributable to common stockholders reached $1.3 billion for the quarter. This strong performance is partly due to the firm's focus on stable income streams from debt, as its asset sales experienced a drag. CEO Marc Rowan has emphasized increasing transparency and liquidity for private assets amidst scrutiny over valuations and investor concerns about lending standards outside traditional banks.
The firm is actively promoting new vehicles, dubbed AMAPS, designed to replace collateralized loan obligations, indicating a strategic shift in its offerings. These initiatives aim to address market demands for more transparent and liquid private asset solutions.
