Apollo Capital Management, L.P. (New York)

Apollo Capital Management, L.P. is a large advisory firm based in New York. It manages $174.01 billion of regulatory assets for 275 client accounts. It has been registered with the SEC as an adviser since 2007.

Apollo Capital Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Apollo Capital Management: assets under management

The assets under management (AUM) of Apollo Capital Management, L.P. is $174.01 billion. The firm's AUM has grown by 18451% since the beginning of its operation, and $45.47 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $172.31 billion in discretionary accounts and $1.7 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $638.19 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $339.09 million.

Apollo Capital Management has custody of $164.98 billion in cash and securities for 212 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 42% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 3% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Apollo Capital Management, L.P. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Charles Zelter serves?

The firm provides services to insurance companies, investment companies, and pooled investment vehicles. The largest group of clients of James Charles Zelter is insurance companies with 34 clients and $114.04 billion of assets under management. Among the 7 most similar advisory firms, Apollo Capital Management has the highest percentage of insurance companies out of all clients.

The amount of regulatory assets under management is $174.01 billion for 275 clients. 76% of the firm’s clients are foreign persons or businesses.

Apollo Capital Management also advises several private funds. Namely, seventy two hedge funds, two liquidity funds, one real estate fund, one other private fund, fourteen private equity funds, and twenty six securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $20,000,000.

Careers at Apollo Capital Management, L.P.

The company employs 1,010 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

James Charles Zelter has been acting as President since 1 Apr 2010. Anthony Mark Civale joined the executive team most recently as the Co Chief Operating Officer Of Apollo Global Management, Llc.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 38 indirect owners.

Based in New York

The principal office where Apollo Capital Management, L.P. performs its advisory services is located at 9 West 57 Th Street, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in West Des Moines, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-515-3200 or by fax 212-515-3251. The normal business hours are 8:00am - 5:00pm on Monday - Friday.

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