Interview, Fireside Chat
Leon Black, Chairman and CEO of Apollo Global Management
- The firm celebrates its 30th anniversary in the current year, having been established in June 1990 with an initial "fund for all seasons" mandate to operate across market cycles.
- Credit activities constitute the largest and fastest-growing segment, while private equity currently accounts for approximately 25% of the business mix.
- Credit growth strategy involves lengthening duration without sacrificing credit quality, with an aim to generate an additional 100 to 150 basis points in returns through life annuities and reinsurance.
- Private equity is projected to outperform debt, real estate, and venture capital over three, five, and ten-year periods.
- Sustainability is identified as an increasingly significant factor, driving a shift in investing approach to address climate change realities.
- ESG reporting indicates that 120 companies participated in the process, resulting in 85% of the firm's portfolio companies contributing to reduced greenhouse gas emissions.
- The firm maintains commitments to external research funding through the Melanoma Research Alliance to foster collaboration and prevent redundant efforts.
- Historical context includes a $8 billion investment from Credit Lyonnais in the four years following inception.