Apollo inks wealth deal with Schroders, posts $5.9bn earnings

Partnership to focus on hybrid, public/private and debt investing. Apollo sees strong growth in earnings from fees and spreads.

New York-based Apollo and London’s Schroders have partnered to develop wealth and retirement-oriented products for both the US and the UK markets. In the US, they will, for example, launch in Q2 2026 a collective investment trust for the defined contribution pension market. The partnership illuminates Monday’s Apollo earnings call for 2025 Q4, which shows earnings in the quarter rose 11.3