Apollo Global Management on Tuesday reported $598 billion in assets under management as of March 31, up 9% from three months earlier and up 17% from a year earlier.
Apollo's credit business had $438 billion in AUM as of March 31, up 12% from Dec. 31 and up 17% from March 31, 2022. Private equity had $101 billion in assets under management, up 2% and up 17%, respectively.
Apollo reported inflows of $57 billion in the first quarter and $154 billion over the past 12 months for its asset management business. However, Apollo did not report inflows from institutional fundraising. Inflows included Apollo's purchase of a significant portion of the securitized products group from Credit Suisse resulting in $20 billion in capital raised from institutional and retail investors.