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Finance Giant Apollo Picks Austin for HQ
15 Jun
Summary
- Apollo Global Management selected Austin, Texas for its second headquarters.
- The firm manages $1.03 trillion in assets, one of few globally.
- Talent acquisition and cost savings influenced the Austin decision.
Apollo Global Management, a major alternative asset manager, has selected Austin, Texas, as the location for its second headquarters. This decision concludes a competitive process that also considered Miami, Palm Beach, and Nashville. The firm manages $1.03 trillion in assets as of the first quarter of 2026, placing it among the world's most influential financial entities.
Fee-related earnings for Apollo reached $728 million in the first quarter of 2026, showing a 30% year-over-year increase. The company cited talent acquisition and the advantageous business environment in Texas, including no personal income tax and lower corporate tax burdens, as key factors in choosing Austin over Florida locations.
The expansion into Austin is anticipated to support Apollo's growing headcount, which has surpassed 5,000 employees. This strategic placement in a lower-cost city aims to enhance fee-related earnings margins by allowing for headcount growth without incurring New York-level salary expenses across the entire firm. The new Austin site is slated to accommodate most of Apollo's future hires.
