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Why investors are leaning into alternatives: Apollo’s Marc Rowan

Goldman Sachs Exchanges

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The Bar to a New Toy Is High

As CEO, you've set a goal to grow Apollo's assets to a trillion dollars by 2026. And you're already halfway there. I've built up the credit business, moved more deeply into FinTech, among other things. So what are your specific goals for this year, 2023? No new choice. But if you think about our industry and I'll use Apollo as a microcosm, but it is our whole industry. In 2008, we were 40 billion of AUM, 30 billion of private equity and 10 billion of everything else. We will end the year circa 550 billion of Aum.

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