Apollo Global Management reported a 13% rise in fourth-quarter profit on Monday, surpassing Wall Street expectations, buoyed by strong debt origination and inflows of fresh client money. Growth was driven by origination of a record $97 billion in new loans and other investments in the quarter, Apollo said in a statement. Its shares rose more than 3%. Executives said less than 2% of their portfolio was invested in the software sector, after Apollo and other asset managers were caught up in a stockmarket sell-off last week prompted by fears that AI would disrupt business models.