Apollo Global Management has reported “record” earnings in the second quarter of 2026, with inflows pushing its assets under management (AUM) above $1tn (£743.6bn).

In its second-quarter earnings release, the alternatives giant reported $785m of fee-related earnings during the period, representing year-on-year growth of 25 per cent. It also reported origination activity of $74bn, driven by its credit platform, alongside strong returns across its hybrid and private equity strategies.

Apollo said the earnings metrics broke quarterly records, as did capital solutions fees, which grew 28 per cent year on year to a quarterly record of $277m, driven by its credit platform, including direct lending and asset-backed finance.

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“Our strong second quarter results reflect record earnings across asset management and retirement services, highlighting the quality and growing scale of our business,” said Marc Rowan, chairman and chief executive.

Apollo also reported “record” organic inflows of $60bn, of which $38bn came from institutional and global wealth investors into its asset management platform, alongside $22bn from its retirement services business, driven by retail sales. Inflows over the past 12 months totalled $298bn, according to the manager.

Overall, the inflows helped lift Apollo’s AUM to $1.05tn in the second quarter, an increase of $208bn, or 25 per cent, year on year.

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Within its asset management business, Apollo’s management fees increased 23 per cent year on year, driven by several factors, including growth at Athora, the Apollo-backed European savings and retirement company, following its acquisition of Pension Insurance Corporation in March 2026.

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