Rowan argues private credit has de-risked the United States by moving risky lending out of the government-backed banking system.
“I would say that private credit levered lending, direct lending, has actually been a de risking for the entire United States and for investors.”
Rowan predicts a new administration would quickly allow illiquid investments in 401(k)s, creating substantial industry demand.
“That will not just benefit Apollo, that will be another source of demand for the industry of a magnitude that will be quite substantial.”