Apollo Global Management has reported strong inflows and record quarterly origination in the third quarter of 2026.

The alternatives giant’s assets under management rose to $1.07tn (£794bn) at the end of September, up 18 per cent year on year, after $53bn of inflows in the third quarter and $270bn over the past 12 months. Of the $53bn in quarterly inflows, $35bn came from asset management and around $19bn from retirement services, the firm said.

For credit in particular, Apollo’s assets have grown from $723bn to $870bn over the same period.

Read more: Apollo launches €10bn European credit platform 

Record quarterly origination was driven by “significantly higher activity across all channels”, the firm said in its earnings release, taking the 12-month total to $356bn.

“Our strong third quarter results reflect the flywheel of our model, which starts with originating increasing amounts of good assets,” said Marc Rowan, Apollo’s chairman and chief executive.

“Origination reached a new high of $114bn in the quarter, and over the last twelve months, activity exceeded $350bn while our clients entrusted us with $270bn of inflows.

“Behind record pipelines and tangible momentum across the business, our core earnings power is growing and poised for a robust close to 2026 with a strong setup for 2027.”

Read more: Ares Capital to acquire MidCap Financial from Apollo for $2.6bn

The headline numbers came despite a GAAP net loss of $1.1bn, or $1.78 a share, which Apollo put down to unrealised mark-to-market losses on investments at Athene, its retirement services business, as interest rates stayed elevated.

Adjusted net income was $1.3bn, or $2.07 a share, the earnings release said.

Read more: Apollo to take minority stake in Abu Dhabi’s Mubadala Capital