1980s
The Junk Bond Machine
Before Apollo existed, its founders were inside Drexel Burnham Lambert, the firm that powered the 1980s leveraged buyout boom. Junk bonds changed Wall Street. Then the machine exploded.
$1T+AUM, Mar. 2026
$APONYSE listed
4,130Employees
Banks retreat. Apollo fills the gap: from distressed debt and
control investing to private credit, insurance capital, and
large-scale financing.