Rowan commits Apollo will grow 15% or more cash-on-cash annually, calling that strong performance.
“And what we've told the street is we will grow our business 15 plus cash on cash year over year. And I think that's really good.”
Rowan says Apollo's yield business will double from $330 billion today to twice that size in five years.
“We are in, as I sometimes say, the fixed income replacement business. We're $330,000,000,000 today. Five years from now, that'll be twice its size.”
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 forecasts Apollo's yield business will double from $330 billion to roughly $600-700 billion in five years.
“And the ability to get it to $607,100,000,000,000, it sounds massive, but in the context of the markets in which they participate, it's just not all that big.”
Rowan forecasts hybrid business will grow 2.5 to 3 times from $30 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.”