Apollo Global Management, LLC is a renowned American global alternative investment manager, headquartered in New York City. The firm was established in 1990 by Joshua Harris, Marc Rowan, Scott S. Kleinman, and Robert W. Kelly. It is listed on the New York Stock Exchange and is a prominent member of the S&P 500 index.
Apollo Global Management's inclusion in the S&P 500 in 2024 can be attributed to its impressive financial performance and growth. The company has consistently delivered strong returns for investors through its strategic investment approaches and adept management of alternative assets. Moreover, Apollo Global Management's expansion into diverse markets and asset classes likely played a significant role in its eligibility for the index.
The S&P 500 index selection process is based on specific criteria, including market capitalization, liquidity, financial stability, and industry representation. Apollo Global Management's compliance with these criteria, coupled with its robust market presence and performance, solidified its position in the index.