Investing giant hopes Athene acquisition will supercharge its AUM growth

Apollo Global Management Inc. said it expects its assets under management to double to about $1 trillion by 2026, setting up a race with fellow investment behemoth Blackstone Inc., which has set the same lofty target.

Apollo expects the merger with its insurance affiliate Athene Holding Ltd. , which is scheduled to close in January, to power much of the projected growth. The firm released new financial guidance ahead of a planned investor day Tuesday. Apollo managed $472 billion in assets as of the end of the second quarter.

https://www.wsj.com/articles/apollo-targets-1-trillion-in-assets-aiming-to-outpace-blackstone-11634644980