Financial Services
Apollo’s Financial Institutions Group (“FIG”) sits at the intersection of Retirement Solutions and Asset Management, and was purpose-built to serve the retirement services ecosystem, including insurers, institutional investors, originators and others in financial services.
Apollo FIG has significant scale in both origination and capital raising capabilities, with a team that specializes in platform and asset sourcing, portfolio management, capital raising, M&A and more.
By the Numbers
16
Dedicated Origination Platforms
$335B+
Total Insurance AUM
450+
FIG and Insurance Professionals
3,900
Origination Platform Employees
$40B+
Equity Capital Raised
30+
Global Insurance Regulatory Relationships
As of September 30, 2023
Capabilities
Platform Investing
- Investing in asset and liability origination platforms
- Creative partnership platforms with banks and other financial partners
- De-novo platform establishment
Portfolio Management
- Asset-liability matching
- High-grade asset sourcing
- Portfolio management for affiliated and third-party balance sheets
- Separately managed accounts
M&A Transactions
- Reinsurance M&A solutions
- Pension group annuities
- Flow transactions
- Regulatory-driven banking solutions
Capital Raising
- Re/insurance investment vehicles and capital raising expertise
- Investment solutions for pensions, sovereigns and other institutions
- Product partnership and sub-advisory
Institutional support, extensive infrastructure and global insurance regulatory experience underpin all our Financial Services capabilities.
“The experience and scale we’ve built in Financial Services allows us to serve some of the world’s largest insurers, investors and financial institutions. The FIG team is a critical engine of ingenuity at Apollo.”
Chris Edson
Partner, Co-Head of Global FIG
“We are proud to be a go-to solutions provider in the industry. We can move quickly and solve for some of the most complex corporate and investment needs.”
Vishal Sheth
Partner, Co-Head of Global FIG
Origination Strategy
Our Origination ecosystem spans 16 standalone platforms and thousands of professionals dedicated to high quality credit origination. In 2022, together with its platforms, Apollo originated approximately $100B of assets, with a focus on private investment grade credit well suited for long-term, principal-protected products.
Learn more about Apollo’s Origination Strategy and how it helps drive our business plans.
History of Key Financial Services Milestones
2009 – Athene Founded
Athene was founded with aspirations to become a leading retirement services company.
2013 – MidCap Financial
MidCap Financial was acquired by an entity managed by Apollo as the firm’s first middle market origination platform.
2013 – Catalina Holdings
Apollo affiliates made a strategic investment in Catalina Holdings to expand capabilities in the non-life insurance legacy sector.
2013 – AmeriHome
AmeriHome was founded in 2013 by AmeriHome management, Apollo Funds and subsidiaries of Athene.
2016 – Redding Ridge Asset Management
Redding Ridge was stood up as an independently-managed affiliate of Apollo in 2016 specializing in structured credit and CLO management.
2018 – Athora Founded
Athora was established when AGER Bermuda Holdings Ltd. was deconsolidated from Athene.
2018 – Venerable
In 2018, Venerable was stood up by an investor group led by Apollo following the acquisition of Voya Financial’s Closed Block Variable Annuity business.
2020 – Jackson
In 2020, Athene made a strategic equity investment in Jackson National Life Insurance Company as part of a fixed annuity block reinsurance transaction.
2021 – Challenger
In 2021, Apollo and Athene acquired a minority interest in Challenger to expand into Australia’s retirement services market.
2022 – Apollo/Athene Merger
In 2022, Apollo completed its merger with Athene, bringing the two strategic partners together in full alignment as one publicly-traded parent company under the Apollo name.
2022 – Wheels Donlen/LeasePlan USA Merger
In 2022, LeasePlan USA and Wheels Donlen combined to create a unified fleet management business, with Athene serving as the lead investor in the transaction and being the majority shareholder of the new company.
2023 – ATLAS SP Partners
Apollo launched ATLAS SP Partners as a high-growth specialty finance franchise in 2023 following Apollo affiliates’ purchase of a significant portion of Credit Suisse’s Securitized Products Group.
