Apollo Global Management has achieved a significant boost in its profits during the previous quarter, and this is in large part due to the rising demand for private credit. Apollo’s stock experienced an impressive 6.3% climb, hitting a 52-week high of $86.47 in New York after the asset manager shared its earnings report with investors.
![Marc Rowan of Apollo Global Management LLC participates in the "Finding Opportunities in Restructuring in the Year Ahead" panel at the 2010 Milken Institute Global Conference in Beverly Hills, California April 28, 2010. Photo: Phil McCarten](https://krugmaninsights.com/wp-content/uploads/2023/08/GODCDEBRTJLCHP4HZ4UZOGQ374-1024x738.jpg)