Rowan states Athene manages over $400 billion in assets and grows $70 billion annually.
“It, along with its European affiliate, are now more than $400,000,000,000 of assets under management. We grow on a gross basis more than $70,000,000,000 a year.”
Rowan claims Apollo is the largest U.S. retirement services provider by a significant margin.
“We are in fact the largest provider of retirement services products to The U. S. Market by a long shot.”
Rowan explains Athene's diversification strategy of taking 25% of everything Apollo originates rather than 100% of anything.
“Athene does not want a 100% of anything that we originate. They wanna be a diversified investor. They want 25% of everything and a 100% of nothing.”
Barron's
“So in 2008, we started with a $16,000,000 equity investment. We ended the year at 330,000,000,000 and have become the largest provider of retirement products in The US.”
Rowan says Athene's new sales grew from $20 billion four years ago to over $60 billion this year.
“Four years ago, we were 20,000,000,000 of new sales, then 30,000,000,000, then 47,000,000,000. This year, we'll do north of $60,000,000,000 of new sales, and it continues to be.”
Rowan says a $16 million equity investment grew into $270 billion AUM making it the largest retirement services company.
“And what started out as a $16,000,000 equity investment has now morphed into 270,000,000,000 of AUM and the largest retirement services company in”
Rowan emphasizes Apollo manages half its $500 billion for itself, offering clients only what it already owns.
“Think about what that does from an alignment point of view. We go to a client and we offer them nothing that we don't already own.”