Apollo Global Management AUM jumps with help from inflows

Apollo Global Management reported $280.3 billion in assets under management as of Dec. 31, up 3.6% from three months earlier and 12.6% higher than a year earlier, according to data released Thursday by the alternative-investments firm.

Apollo attributed the increase in part to capital inflows of $60 billion in 2018.

Assets under management in credit totaled $193.2 billion, up 5.8% from Sept. 30, and 18% from Dec. 31, 2017. Private equity AUM was $69.1 billion, up 4% from three months earlier and 5% higher than a year earlier. Real assets totaled $17.9 billion, up 17% from Sept. 30 and 45% higher than a year earlier.

Management fees were $358.2 million, compared with $358.8 million in the quarter ended Sept. 30 and $302.6 million in the year ended Dec. 31. Advisory and transaction fees were $70.1 million, compared with $13.2 million in the quarter ended Sept. 30 and $62.7 million at the end of the year-earlier quarter. Total investment loss was $550.3 million, compared with investment income of $141 million as of Sept. 30 and $555.1 million as of Dec. 31, 2017. Incentive fees were $7.1 million, compared with $4.8 million as of Sept. 30 and $7.9 million at the end of the quarter ended Dec. 31, 2017.

Apollo had a GAAP net loss of $377.9 million for the quarter ended Dec. 31, compared with GAAP net income of $362.7 million in the prior quarter and GAAP net income of $461.3 million for the quarter ended Dec. 31, 2017.