Rowan cites 44% net returns in Apollo's 2001 fund and recent funds ranging from $15-25 billion.
“And in that fund, which was the 2,001 fund, 44% net returns. So, now you fast forward and you look at the last three funds we've done.”
Rowan reports Apollo's $25 billion fund is delivering 44% gross returns and high-20s net returns.
“44% gross on the $25,000,000,000 fund, high 20s net. The world just keeps moving. The world just keeps changing. It's our job to continue to reinvent ways to extract and to produce value.”