Rowan says labor availability is a bigger concern than capital availability in the U.S.
“Some days I wake up and worry about capital. Most days I wake up and worry about where will we get all the people to do this.”
Rowan says private market capital enables companies to invest long-term without quarterly pressure or accessing public markets.
“I think what we're seeing is the availability of capital in private markets is allowing companies to do a series of things, to invest for the long term, not to be driven by quarterly earnings, and to obtain massive amounts of debt and equity to finance their business plan without accessing public markets.”