Is Apollo about to take over the universe?

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Apollo Global Management is at the fault line of a tectonic shift in banking. Here's why...

In 2007 Citigroup towered over Wall Street. It was a $270 billion giant that seemed unshakeable. Fast forward to today and that titan has been cut down to less than half its former size. Nature abhors a vacuum and into this power void has stepped Apollo.

With a bold $25 billion partnership with Citigroup to originate leveraged loans, Apollo is making its mark. Their market cap has surged to $70 billion, and they're not shy about their ambitions. Apollo has branded itself the next-generation financial services business and the numbers back up the bravado.

Their goal? To double assets under management to a staggering $1.5 trillion by 2029, while generating $9 billion in net income. Apollo is stepping into the shoes of traditional banks, taking on balance sheet risks that regulations now prevent many banks from touching.

While traditional banks are hamstrung by post-2008 rules and creaky infrastructure, Apollo is nimble, unencumbered, and hungry. They're redefining what a financial services company can be, tapping into institutional capital, retirement savings, and high-net-worth individuals alike.

The era of banks and capital markets that defined finance from 1990 to 2020 isn't ending – it's evolving. And Apollo is leading the charge into this new frontier.

The old guard might be the last to realise it, but the writing's on the wall. Wall Street, take note: the barbarians aren't at the gate anymore.

They're in the boardroom.

Source: Eeagli

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