Apollo Global Management

Apollo Global Management was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, former investment bankers at Drexel Burnham Lambert. The firm initially focused on distressed-to-control takeovers, purchasing distressed securities to gain controlling interests in companies during bankruptcy reorganizations or restructurings. Over time, it expanded into a massive global asset manager with significant operations in credit, private equity, and real assets.

The company operates through various investment vehicles, including private funds and publicly traded entities like Apollo Investment Corporation. It manages capital for a diverse range of clients, including pension funds, financial endowments, and sovereign wealth funds. In 2021, the firm underwent a leadership transition when co-founder Leon Black resigned as CEO following revelations regarding his ties to Jeffrey Epstein, with Marc Rowan assuming the role of CEO.

Apollo is consistently ranked among the world's largest private equity firms. Its investment activities span a wide array of strategies, from leveraged buyouts and growth capital to specialized credit products like mezzanine debt and collateralized loan obligations. The firm is headquartered in New York City and maintains a significant global presence with offices across major financial hubs.