The company is headquartered in the Solow Building in New York City, with offices across North America, Europe, and Asia. Īpollo was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, former investment bankers at the defunct Drexel Burnham Lambert. Funds managed by Apollo have produced a 24% internal rate of return (IRR) to investors, net of fees.

The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors. As of 2022, the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure.

It provides investment management and invests in credit, private equity, and real assets.