Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, former Drexel Burnham Lambert bankers, in the wake of the firm's collapse. Apollo built its reputation on distressed debt and value-oriented, contrarian buyouts. It merged with insurer Athene in 2022, anchoring a vast credit and retirement-services platform.
Value-oriented and distressed/credit-driven buyouts, with a huge fixed-income and insurance (Athene) business anchoring its AUM.
diversified
ADT, Yahoo (Verizon Media), Rackspace, Sun Country Airlines, Tech Data, CareerBuilder, Univar
LyondellBasell (legendary distressed buyout returning billions), ADT IPO, Sun Country IPO
Its turnaround of bankrupt LyondellBasell is considered one of the most profitable private equity deals of all time.
| Company | Rounds | Invested |
|---|---|---|
| SumUp Fintech | 2 rounds | $3.2B |
| Clix Capital Fintech | 1 round, 1 led | $26.2M |
| vVARDIS Healthtech | 1 round, 1 led | $0 |
| Yondr Group Other | 1 round, 1 led | $0 |