Reported 21 days ago
Apollo Global Management anticipates generating $10 billion in annual earnings by 2029, driven by increased investor demand for private credit and annuities. The company expects average annual fee-related earnings growth of 20% over the next five years and aims to manage assets worth $1.5 trillion by 2029. CEO Marc Rowan highlights the firm’s focus on retirement, wealth, and renewable energy infrastructure as key growth areas, as private markets continue to outperform public ones.
Source: YAHOO