In Good Company with Nicolai Tangen HIGHLIGHTS: Marc Rowan - CEO of Apollo
11 snips
Nov 15, 2024 
Marc Rowan, CEO and co-founder of Apollo Global Management, discusses the firm’s meteoric rise from $40 billion to over $700 billion in assets. He dives into how private credit is reshaping the banking landscape and challenges misconceptions about direct lending. The conversation highlights investment strategies, emphasizing the importance of purchase price amid inflated market valuations. Rowan also shares insights on navigating economic risks related to geopolitical tensions and expresses optimism about future work opportunities.
AI Snips
Chapters
Transcript
Episode notes
Missed Boat?
- In 1984, Marc Rowan thought he had missed the boat in finance.
- Despite this, he co-founded Apollo, now managing $680B in assets.
Private Credit Redefined
- Private credit is more than just levered lending; it includes various asset classes.
- Apollo focuses on a broad range of private credit, mostly investment grade.
Public Market Risks
- Public markets are increasingly indexed and correlated, hindering price discovery.
- Active management is evolving towards direct private equity ownership.