Rowan forecasts Apollo's hybrid business will grow from $30 billion to $75-90 billion in five years.
“That's a $30,000,000,000 business. I think that business will be two and a half to three times its size in the next five years.”
Rowan says Apollo's five-year plan does not assume returns on roughly $7 billion of capital available for deployment.
“The other is we have not assumed a return on roughly $7,000,000,000 of capital. We have a pretty rough framework given how much stock employees own.”
Rowan grades the U.S. economy an A for capital allocation but a C for understanding trade's impact on labor.
“give us an a as an economy for allocation of capital and construction of assets, and give us a c for understanding trade and its impact on labor.”