Mission Statement, Vision, & Core Values (2024) of Apollo Global Management, Inc. (APO).

An Overview of Apollo Global Management, Inc. (APO)

General Summary of Apollo Global Management, Inc. (APO)

Apollo Global Management, Inc. (APO) is a leading global alternative investment manager founded in 1990. The firm specializes in private equity, credit, and real estate. As of September 30, 2024, Apollo has achieved a significant milestone with total assets under management (AUM) amounting to $733.2 billion, reflecting an increase of $82.4 billion or 12.7% since December 31, 2023. Apollo operates through various segments, including Asset Management and Retirement Services, delivering tailored investment solutions across multiple asset classes.

The company's diverse offerings include:

• Private equity investments
• Credit strategies, including direct lending and performing credit
• Real estate investments
• Retirement services and insurance products

In 2024, Apollo reported total sales from its asset management segment of $3,011 million, a notable increase from $2,751 million in 2023. The company’s strong performance is attributed to growth in fee-generating assets and robust demand for its credit and equity strategies.

Company's Financial Performance in the Latest Financial Reports

For the nine months ended September 30, 2024, Apollo Global Management reported revenues of $20.83 billion, a decrease from $21.60 billion in the same period in 2023. The breakdown of revenues includes:

The increase in asset management revenues was driven by a rise in management fees, which reached $1,376 million in 2024, up from $1,328 million in 2023. Additionally, advisory and transaction fees rose to $617 million, compared to $482 million in the prior year.

Investment income also saw an increase to $910 million in 2024 from $882 million in 2023. Despite the overall revenue decrease, Apollo's net income attributable to common stockholders for the nine months ended September 30, 2024, was $3,018 million, up from $2,269 million in the previous year.

Apollo Global Management as a Leader in the Industry

Apollo Global Management stands as a leader in the alternative investment management industry, characterized by its expansive portfolio and strategic focus on credit and equity investments. The company’s robust AUM of $733.2 billion positions it among the top firms globally, reflecting its strong market presence and investor confidence.

With a commitment to delivering value to its clients through innovative investment strategies and operational excellence, Apollo continues to attract significant capital inflows. In 2024, net flows increased by $73.0 billion, primarily due to growth in credit strategies. Apollo's diversified investment approach, coupled with its expertise in managing complex financial products, underpins its competitive advantage and reputation as a trusted investment partner.

The company’s performance metrics and strategic positioning suggest a promising outlook for continued growth in the alternative asset management space. For more insights into Apollo Global Management's strategies and values, further exploration is encouraged.

Mission Statement of Apollo Global Management, Inc. (APO)

Mission Statement of Apollo Global Management, Inc. (APO)

Apollo Global Management, Inc. (APO) has established a mission statement that serves as a guiding principle for its operations and strategic initiatives. The mission statement emphasizes the company's commitment to delivering value to its clients, investors, and stakeholders through innovative investment strategies and exceptional service. Apollo aims to achieve sustainable growth and long-term success by adhering to its core values and focusing on excellence in asset management.

Core Component 1: Client-Centric Approach

Apollo's mission prioritizes a client-centric approach, which is reflected in its commitment to understanding and fulfilling the unique needs of its diverse clientele. This commitment is evidenced by the company's significant growth in Assets Under Management (AUM). As of September 30, 2024, Apollo's total AUM reached $733.2 billion, marking a substantial increase of $82.4 billion or 12.7% compared to $650.8 billion at December 31, 2023.

Core Component 2: Innovation in Investment Strategies

Innovation is a cornerstone of Apollo's mission, driving the development of cutting-edge investment strategies. The company has demonstrated its ability to adapt to market changes and capitalize on emerging opportunities. For instance, in 2024, Apollo reported revenues of $3,011 million, an increase of $260 million from $2,751 million in 2023. This growth was primarily driven by an increase in advisory and transaction fees, net, which rose by $135 million to $617 million in 2024 from $482 million in 2023.

Core Component 3: Commitment to Performance and Accountability

Apollo's mission underscores a strong commitment to performance and accountability, ensuring that it delivers consistent results for its clients and investors. The company's fee-related earnings (FRE) increased by $198 million to $1,509 million in 2024, compared to $1,311 million in 2023. This growth reflects Apollo's focus on maintaining high performance across its investment portfolios and delivering value to stakeholders.

Vision Statement of Apollo Global Management, Inc. (APO)

Vision Statement Overview

The vision statement of Apollo Global Management, Inc. (APO) emphasizes its commitment to being a leading global alternative investment manager. The company aims to provide innovative financial solutions that drive growth and create value for its stakeholders.

Commitment to Innovation

Apollo's vision reflects a strong commitment to innovation in investment strategies. As of September 30, 2024, Apollo managed a total of $733.2 billion in assets under management (AUM), marking a significant increase of $82.4 billion, or 12.7%, compared to $650.8 billion at December 31, 2023. This growth is largely attributed to innovative credit strategies and strong performance in retirement services client assets.

Focus on Client Success

Central to Apollo's vision is the focus on client success. The company achieved net flows of $73.0 billion in the nine months ended September 30, 2024, driven by $69.7 billion in credit strategy funds, highlighting the effectiveness of its client-centric approach. The table below outlines the breakdown of net flows by strategy:

Long-term Value Creation

Apollo's vision underscores long-term value creation through disciplined investment practices. As of September 30, 2024, the company reported revenues of $3,011 million, an increase of $260 million from $2,751 million in 2023. This growth was primarily driven by higher management and incentive fees, demonstrating Apollo's ability to generate sustainable income for its investors.

Commitment to Responsible Investing

Another key component of Apollo's vision is its commitment to responsible investing. The company actively incorporates environmental, social, and governance (ESG) factors into its investment processes, which is reflected in its diversified portfolio. Apollo's investment focus spans across various sectors, including media, telecom, technology, and financial services, ensuring a balanced approach to risk and opportunity.

Conclusion

Apollo Global Management's vision statement for 2024 emphasizes innovation, client success, long-term value creation, and responsible investing. As the company continues to grow its assets and enhance its service offerings, it remains dedicated to fulfilling its role as a leader in the alternative investment landscape.

Core Values of Apollo Global Management, Inc. (APO)

Integrity

The core value of Integrity at Apollo Global Management emphasizes ethical behavior and transparency in all its dealings. This principle is crucial for maintaining trust with clients, investors, and stakeholders.

In 2024, Apollo demonstrated its commitment to integrity through the establishment of a comprehensive compliance program, ensuring that all employees adhere to high ethical standards. The firm has implemented regular training sessions focusing on ethical decision-making and compliance with regulatory requirements.

Additionally, Apollo's transparent reporting practices are reflected in its financial disclosures. As of September 30, 2024, the company reported total revenues of $3,011 million, marking a significant increase from $2,751 million in 2023. This transparency in financial performance helps solidify trust with investors and stakeholders.

Excellence

Excellence is a core value that drives Apollo to achieve superior results across its investment strategies. The company continually strives for operational efficiency and high performance.

As of September 30, 2024, Apollo's Assets Under Management (AUM) reached $551.0 billion, an increase of $58.1 billion from $493.0 billion at the end of 2023. This growth underscores Apollo's excellence in asset management and investment strategies.

Moreover, Apollo has launched several initiatives aimed at enhancing portfolio performance. For example, the firm reported performance allocations from Fund IX of $232 million and Fund X of $137 million, driven by strategic investments across various sectors.

Collaboration

Collaboration at Apollo Global Management fosters teamwork and collective problem-solving to achieve common goals. This value is essential for driving innovation and efficiency.

In 2024, Apollo has focused on enhancing collaboration through cross-departmental projects and initiatives. The firm reported net flows of $43.6 billion primarily attributable to collaborative efforts within its credit strategy. This collaboration has led to an increase in fee-generating AUM, which as of September 30, 2024, was $551.0 billion, reflecting a robust team effort across various funds and investment strategies.

Accountability

Accountability is a fundamental value at Apollo, ensuring that employees take responsibility for their actions and results. This value is critical for fostering a culture of trust and reliability.

Apollo has reinforced accountability through rigorous performance evaluations and a clear framework for reporting outcomes. For instance, the company reported net income attributable to Apollo Global Management, Inc. common stockholders of $811 million for the three months ended September 30, 2024. This financial accountability is crucial for maintaining investor confidence and ensuring long-term sustainability.

Innovation

Innovation is a driving force behind Apollo's strategies, enabling the firm to adapt to changing market conditions and seize new opportunities. This value encourages creative thinking and the pursuit of new ideas.

In 2024, Apollo has embraced innovation by diversifying its investment products and exploring emerging markets. The firm reported significant performance allocations from innovative strategies, including $92 million from Credit Strategies and $53 million from Freedom Parent Holdings. This focus on innovation positions Apollo as a leader in the asset management industry.

Updated on 16 Nov 2024

Resources:

1. Apollo Global Management, Inc. (APO) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Apollo Global Management, Inc. (APO)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View Apollo Global Management, Inc. (APO)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.