This Business Breakdowns podcast episode is an interview discussing Apollo Global Management, a global alternative asset manager. The conversation traces Apollo's history from its origins in Drexel Burnham Lambert, highlighting key deals and the evolution of its investment strategies, particularly its shift towards credit and the integration of its insurance arm, Athene. The discussion analyzes Apollo's unique approach to complex deals and its current focus on asset origination, contrasting it with other major alternative asset managers like Blackstone and KKR. A key takeaway is Apollo's innovative use of its insurance business to generate perpetual capital and fuel its credit origination platforms, creating a self-perpetuating cycle. Listeners gain insights into Apollo's business model, its competitive advantages, and the evolving landscape of alternative asset management.
