Rowan commits to 15% plus annual cash-on-cash growth with optionality from finance democratization.
“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 $550 billion credit business needs to find $300-350 billion in assets over five years to double.
“There's mostly alpha, but there's a chunk of beta in there. For us to double that business, it's finding 300,000,000,000 of assets or 350,000,000,000 of assets over the next five years.”