Apollo: Private Markets' Next Growth Phase Just Beginning as AI, Retirement, Investment-Grade Credit Expa

Apollo CEO Marc Rowan stated that private markets have dramatically evolved since the financial crisis, with Apollo's assets under management growing from $40 billion to over $1 trillion. This growth is attributed to new investment strategies like investment-grade private credit, a global industrial renaissance, and investors seeking diversification and yield. Apollo plans to expand its reach by packaging private assets in formats resembling public-market investments and sees significant opportunities in financing AI infrastructure and retirement products, rather than acquiring other asset managers.