Rowan states Apollo ended the year with $550 billion AUM including $400 billion in mostly investment-grade private credit.
“Apollo Asset Management ended the year roughly $550,000,000,000 $400,000,000,000 of private credit, mostly investment grade, dollars 75,000,000,000 of hybrid equity, 75,000,000,000 of private equity.”
Rowan identifies retirement insurance companies and traditional asset managers as third and fourth markets now accessing private investments.
“We now have a third market, which is retirement insurance companies. People have seen what we have done by accessing private investment grade, and others are doing it. We now have a fourth market.”