Apollo Global Management finished off a positive week for private equity’s major players, turning in yet another unexpectedly robust 3Q earnings report. The firm reported economic net income of about $231 million for the quarter, equivalent to 58 cents per share, far outpacing analyst expectations of around 45 cents. Apollo’s private equity assets appreciated 2.6% during 3Q, while the firm deployed $3 billion and realized $150 million, bringing year-to-date figures to $8.2 billion and $512 million, respectively.
How exactly does that compare to Apollo’s biggest competitors? For more on 3Q earnings reports, check out our coverage of KKR, The Carlyle Group and Blackstone.
Article by PitchBook
