Apollo’s Asia Expansion Has Lured in $35 Billion From Region

Apollo Global Management Inc.’s revamp of its Asia business is starting to pay off: It’s raised $35 billion from the region since the start of 2022 to bolster expansion.

Under head of Asia-Pacific Matthew Michelini — the person chief executive officer Marc Rowan picked to reshape Apollo’s presence in the region — the company has been tapping into clients’ demand for more reliable yields from private markets investments including credit and hybrid financing.