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Apollo Shatters Loan Records, Eyes Financial Dominance
9 Feb
Summary
- Apollo originated a record $97 billion in Q4 and $309 billion annually.
- Fee-related earnings saw a 25% surge to $690 million in the fourth quarter.
- Assets managed for wealth globally reached $50 billion, targeting $150 billion.
Apollo Global Management has set a new benchmark in its lending operations, a key strategy for its ambition to become a leading Wall Street underwriter. The firm originated a record $97 billion in loans during the fourth quarter, bringing its annual total to $309 billion, an increase of nearly $100 billion from the prior year.
This expansion in lending significantly boosted spread and fee-related earnings, which achieved record levels for the year. In the fourth quarter alone, fee-related earnings climbed 25% to $690 million, exceeding analyst expectations. The Capital Solutions business, responsible for direct lending and credit deals, also saw record fees of $808 million in 2025.
Despite challenges in the private equity sector, marked by delays in returning capital to investors due to a "dynamic exit environment," Apollo reported a 30% increase in fees for realized performance. The firm is also making substantial progress in its wealth management initiatives, drawing $4 billion in the fourth quarter to reach approximately $50 billion in global wealth assets, progressing towards its $150 billion goal by 2029.
