X
<

A Look at Apollo Global Management's 2Q17 Earnings

PART:
1 2 3 4 5 6 7 8
Part 3
A Look at Apollo Global Management's 2Q17 Earnings PART 3 OF 8

Apollo: Credit Division’s Fee-Related Earnings Rise

Fee-related earnings

Apollo Global Management’s (APO) credit division saw a rise in total revenue to $257.6 million in 2Q17 from $198.1 million in 1Q17. This increase was mainly due to management fees and carried interest income. The division’s fee-related earnings rose to $85 million from $72.2 million in 1Q17.

Apollo: Credit Division&#8217;s Fee-Related Earnings Rise

Interested in APO? Don't miss the next report.

Receive e-mail alerts for new research on APO

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

The credit division’s portfolio saw gross appreciation of 2.1% in 2Q17. Despite energy market volatility, the division’s performance was not impacted. The division’s draw-down funds witnessed gross returns of 3.6% in 2Q17. The division had realizations of $779 million and deployments of $1.2 billion.

Competitor analysis

Apollo’s credit division had AUM (assets under management) of $151 billion as of June 30, 2017. Alternative asset manager (XLF) peers’ credit division AUM were as follows:

  • The Blackstone Group (BX): $94.5 billion
  • The Carlyle Group (CG): $30.9 billion
  • KKR (KKR): $63.4 billion
X

Please select a profession that best describes you: