<p>Alternative asset manager Apollo Global Management reported fourth-quarter profit that exceeded expectations on Tuesday, helped by a strong growth in fees and solid performance in its retirement business.</p><p>Private assets have become increasingly important for the company with CEO Marc Rowan saying that investors were starting to recognize their value, marking a shift from their previously perceived riskiness.</p><p>In the quarter, the company took in $33 billion of inflows, driven by its credit-focused strategies and wealth products.</p><p>Assets under management jumped 15 per cent to $751 billion, but fell short of the $757.2 billion estimate, according to data compiled by LSEG. Shares were down 2.5 per cent to $162.95.</p><p>"We are not here to grow the fastest. We are not here to grow the largest. We are here to deliver the plan plus a little," Rowan said on a call with analysts.</p><p>The company has set targets of managing $1 trillion of assets by 2026 and $1.5 trillion by 2029, part of a set of goals it laid out at its investor day last October.</p><p>Apollo's adjusted net income rose 15 per cent to $1.36 billion, or $2.22 per share. Analysts were expecting a profit of $1.89 per share, according to estimates compiled by LSEG.</p>.Apollo Green Energy to go public next year; aims to build Rs 10,000 cr project portfolio by 2025.<p>Fee-related earnings, a measure of the profitability of the company's asset management segment, rose 21 per cent to a quarterly record of $554 million.</p><p>Spread-related earnings, which assesses the performance of its retirement services unit, rose 12 per cent to $841 million.</p><p>The company also reported $61 billion in origination volume. It has previously said that origination, which refers to the process of identifying high-quality credit financing opportunities, would be a core growth driver in its next phase.</p><p>"We continue to view Apollo as defensive against tariff-related market turbulence," TD Cowen analysts wrote in a note. Apollo's shares have risen 62 per cent over the past year.</p><p>The company reported an unspent capital reserve of $61 billion and deployed $63 billion in investments in the quarter.</p><p>Rowan was reportedly a contender for the Treasury secretary role under US President Donald Trump, but the position eventually went to hedge fund manager Scott Bessent. Apollo gave Rowan a five-year employment extension in January.</p><p>Last week, Blackstone also reported fourth-quarter profit that surpassed estimates, driven by a pickup in dealmaking. </p>
<p>Alternative asset manager Apollo Global Management reported fourth-quarter profit that exceeded expectations on Tuesday, helped by a strong growth in fees and solid performance in its retirement business.</p><p>Private assets have become increasingly important for the company with CEO Marc Rowan saying that investors were starting to recognize their value, marking a shift from their previously perceived riskiness.</p><p>In the quarter, the company took in $33 billion of inflows, driven by its credit-focused strategies and wealth products.</p><p>Assets under management jumped 15 per cent to $751 billion, but fell short of the $757.2 billion estimate, according to data compiled by LSEG. Shares were down 2.5 per cent to $162.95.</p><p>"We are not here to grow the fastest. We are not here to grow the largest. We are here to deliver the plan plus a little," Rowan said on a call with analysts.</p><p>The company has set targets of managing $1 trillion of assets by 2026 and $1.5 trillion by 2029, part of a set of goals it laid out at its investor day last October.</p><p>Apollo's adjusted net income rose 15 per cent to $1.36 billion, or $2.22 per share. Analysts were expecting a profit of $1.89 per share, according to estimates compiled by LSEG.</p>.Apollo Green Energy to go public next year; aims to build Rs 10,000 cr project portfolio by 2025.<p>Fee-related earnings, a measure of the profitability of the company's asset management segment, rose 21 per cent to a quarterly record of $554 million.</p><p>Spread-related earnings, which assesses the performance of its retirement services unit, rose 12 per cent to $841 million.</p><p>The company also reported $61 billion in origination volume. It has previously said that origination, which refers to the process of identifying high-quality credit financing opportunities, would be a core growth driver in its next phase.</p><p>"We continue to view Apollo as defensive against tariff-related market turbulence," TD Cowen analysts wrote in a note. Apollo's shares have risen 62 per cent over the past year.</p><p>The company reported an unspent capital reserve of $61 billion and deployed $63 billion in investments in the quarter.</p><p>Rowan was reportedly a contender for the Treasury secretary role under US President Donald Trump, but the position eventually went to hedge fund manager Scott Bessent. Apollo gave Rowan a five-year employment extension in January.</p><p>Last week, Blackstone also reported fourth-quarter profit that surpassed estimates, driven by a pickup in dealmaking. </p>