Apollo Global Hits Record $300 Billion in Lending

Apollo Global Management Inc. announced on Monday that it originated a record-breaking $300 billion in lending over the past year.

This unprecedented growth of the private credit sector indicates a massive shift in how the world’s largest corporations access capital, with Apollo now positioning itself as a direct challenge to traditional Wall Street banks.

“We are seeing a fundamental shift in the ecosystem of credit,” CEO Marc Rowan noted during the earnings call. “The scale of our origination platform allows us to offer certainty and speed to borrowers that traditional banks, hamstrung by regulatory capital requirements, simply cannot match at this volume.”

Rowan has long-been vocal about Apollo’s strategy to bypass the traditional banking system, focusing on providing direct, investment-grade loans to corporate borrowers. 

This "sector rotation," as some analysts call it, reflects a growing preference for private credit over public debt markets.

The $300 billion milestone coincided with the company’s quarterly earnings report, which beat analyst expectations. Apollo saw its adjusted income rise to $1.3 billion, as quality capital inflows surged and its retirement services section Athene showed impressive performance.

Total assets under management (AUM) have now climbed to a staggering $938 billion, putting the firm within striking distance of the $1 trillion mark.

The results have also been bolstered by a favorable interest rate environment, as yield-driven income increased due to institutional investors pulling away from equities toward more stable, private debt instruments.

Despite the record performance, the firm remains focused on further expansion, as it is no longer simply an alternative manager, but rapidly becoming a primary engine of the global credit market.