Apollo Global reports Q2 adjusted EPS $1.64, consensus $1.76

Reports Q2 revenue $6.02B, consensus $3.88B. CEO Marc Rowan said, “We generated record fee related earnings in the second quarter behind particularly strong momentum in Asset Management. The business produced record levels of quarterly debt origination, gross capital deployment, and third-party fundraising excluding flagship private equity. In Retirement Services, Athene’s compelling profitability is attracting significant amounts of third-party capital to support continued growth following the highly successful fundraise for ADIP II – the largest equity sidecar in the industry.”