Bloomberg Talks Apollo Global Management CEO & Co-Founder Marc Rowan Talks Increasing Assets Under Management
Oct 2, 2024
Marc Rowan, CEO and Co-Founder of Apollo Global Management, dives into the strategic shift towards private markets and infrastructure funding. He emphasizes the urgency for capital in energy transition projects and the evolving nature of investment-grade deals. Rowan also discusses the implication of the partnership with Citi, indicating a future of cooperation in finance rather than competition. Lastly, he sheds light on the changing perceptions of risk in private versus public markets and the need for adaptive strategies in today's economic landscape.
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Private Financing for Complex Projects
- Companies seek private financing for complex projects public markets won't support.
- This includes long-term infrastructure, data centers, and power projects requiring specialized financing.
Global Industrial Renaissance
- A "global industrial renaissance" demands massive capital for energy transition and infrastructure.
- Private markets will play a crucial role in financing these projects.
Apollo's Competitive Advantage
- Apollo's competitive advantage lies in labor-intensive origination, building relationships with borrowers.
- This focus on origination is how America increasingly borrows, requiring specialized resources.