Apollo Global: 3 Key Takeaways for Long-Term Investors

Apollo Global reported record Q3 fee-related earnings of $802 million with $114 billion in origination volume. The firm is de-risking by shifting toward senior secured debt and investment-grade assets, investing $350 million in technology infrastructure over 24 months, and maintaining disciplined capital deployment in AI infrastructure projects with debt-like returns rather than equity-like risk.