Rowan says Apollo grew Athene from $16 million equity in 2008 to $330 billion today.
“The other business is a business people don't know as well, that's the retirement services business, which we do through Athene. So in 2008, we started with a $16,000,000 equity investment.”
Rowan states Athene manages over $400 billion in assets and grows $70 billion annually.
“It, along with its European affiliate, are now more than $400,000,000,000 of assets under management. We grow on a gross basis more than $70,000,000,000 a year.”
Rowan reports Athene grows over $70 billion annually and is the largest U.S. retirement services provider.
“We grow on a gross basis more than $70,000,000,000 a year. So we're doing something right. We are in fact the largest provider of retirement services products to The U. S.”
Rowan claims Apollo is the largest U.S. retirement services provider by a significant margin.
“We are in fact the largest provider of retirement services products to The U. S. Market by a long shot.”