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Apollo Financial Services - What's Your Job About?
The biggest change in Apollo's business was actually the global financial crisis, the crisis of 2008. We were 40 billion pre-GFC, we're 550 billion today. The second is the role of banks, particularly in the US but a little bit in Europe and soon to be in Asia. Investors are directly or indirectly supplying 80% plus of U.S. businesses with debt capital.