Rowan identifies hybrid as a $30 billion business offering mid-teens returns with lower risk than opportunistic strategies.
“This thing called hybrid, which is 30,000,000,000, is actually really interesting because it is neither yield nor opportunistic. It is never going to be the highest rate of return.”
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 hybrid business at $30 billion is structurally underallocated by institutions focused on highest returns.
“This thing called hybrid, which is $30,000,000,000 is actually really interesting because it is neither yield nor opportunistic. It is never going be the highest rate of return.”
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.”