uploads///net income margin

Behind Apollo’s Assets Under Management

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Nov. 23 2017, Updated 7:31 a.m. ET

Inflow and outflow

Apollo Global Management’s (APO) AUM (assets under management) saw a significant inflow of $7.9 billion in 3Q17, reaching $241.5 billion. Its credit division had the highest inflow among divisions, of $6.6 billion.

Apollo’s private equity and real asset divisions saw an inflow of $0.6 billion and $0.7 billion, respectively, during 3Q17. The company had an outflow of $601 million during the quarter. Over the last 12 months, Apollo has had a net income margin of 23.4%, whereas peers (XLF) Oaktree Capital (OAK), Ares Management (ARES), and Fortress Investment Group (FIG) have had margins of 19.2%, 1.2%, and 14.4%, respectively.

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Realizations and market activity

In its total AUM, Apollo has witnessed 3Q17 realizations of 1.7 billion, of which the credit division saw the highest realizations among divisions, of $1 billion. The private equity and real asset divisions saw realizations of $0.4 billion and $0.3 billion, respectively.

Favorable market activity added $4.1 billion to Apollo’s AUM. Of this total, the company’s credit and private equity divisions contributed $1.7 billion and $2.5 billion, respectively. However, its real asset division saw unfavorable market activity, leading to a $0.07 billion deduction.

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