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 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.”