Apollo Global Management reported $162.9 billion in assets under management as of March 31, up 1.9% from the previous quarter and up 2.3% from the year before, showed its first-quarter earnings release on Thursday.
The alternative investment money manager also reported net income under U.S. generally accepted accounting principles of $30.9 million for the first quarter, up from $22.2 million in the fourth quarter, but down from $72.2 million in the year-earlier quarter.
Apollo’s funds deployed $2.2 billion for the quarter and $9.5 billion for the 12 months ended March 31. The company also reported $28.5 billion in dry power as of March 31.
Fee-generating AUM totaled $131.3 billion as of March 31, up 2% from the previous quarter and 2.2% from the year before.