Apollo's ambitious goal to grow its private lending business to $1.2 trillion by 2029 positions it as a dominant player amidst shifting dynamics where banks are retreating from loan provision.
Rowan emphasized a significant trend: 'Everywhere in the world, banks are being asked to do less, and investors are being asked to do more.' This reflects the changing landscape of finance.
Highlighting a milestone, Rowan said about the AB InBev financing: 'That was $100 billion ago and $11 billion just for Intel. This is just getting started.' This indicates the robust potential for future growth.
Apollo's strategy relies heavily on its merger with Athene, providing vital capital resources, which allows for responding effectively to the increasing demand for private credit due to banking challenges.
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