Marc Rowan highlights Apollo’s ability to find investment opportunities during investor day event
- Apollo Global Management CEO Marc Rowan believes finding deals is more challenging than raising money.
- The firm has invested in various sectors, including aircraft financing and loans to other lenders.
- Apollo’s asset base could double over the next five years due to its focus on investment opportunities.
- Apollo recently announced a $25 billion partnership with Citigroup.
Apollo Global Management CEO Marc Rowan has stated that private-equity firms’ success now depends on finding good investment opportunities rather than raising money. He made this remark at the company’s investor day in New York, where he mentioned that Apollo manages $700 billion in assets and can potentially double its asset base over the next five years by focusing on investing strategies. The firm has invested in various sectors such as aircraft financing, car loans, and lending to midsize companies. It has also struck deals with big names like Intel, Air France, Anheuser Busch InBev, and AT&T. Apollo’s partnership with Citigroup aims to finance loans for borrowers connected to the bank. The company is ahead of competitors like KKR and Blackstone in insurance-related deals.
Factuality Level: 8
Factuality Justification: The article provides accurate information about Apollo Global Management’s CEO Marc Rowan’s views on the industry’s potential for growth and the company’s recent partnership with Citigroup. It also includes details about Apollo’s various businesses and investments. The article is focused on the main topic without any significant digressions or personal opinions presented as facts.
Noise Level: 3
Noise Justification: The article provides relevant information about Apollo Global Management’s plans for growth and expansion in finding new ways to invest its assets, as well as the CEO’s perspective on the industry. It also mentions a recent partnership with Citigroup. However, it could benefit from more detailed analysis of long-term trends or possibilities within the private equity industry and provide actionable insights for readers.
Public Companies: Apollo Global Management (APO), Intel (), Air France (), Anheuser Busch InBev (), AT&T (), Citigroup (), KKR (), Blackstone ()
Private Companies: Athene,Mubadala
Key People: Marc Rowan (CEO of Apollo Global Management), Chris Edson (Global Head of Origination)
Financial Relevance: Yes
Financial Markets Impacted: Apollo Global Management’s potential to double its asset base over the next five years and its partnership with Citigroup impact financial markets and companies.
Financial Rating Justification: The article discusses Apollo Global Management’s plans to find new ways to invest, doubling its asset base, and a partnership with Citigroup which will allow them to finance loans to borrowers. This directly impacts the financial markets and various companies such as Intel, Air France, Anheuser Busch InBev, and AT&T.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
Deal Size: The deal size mentioned in this article is $25 billion.
Move Size: 5.56%
Sector: Technology
Direction: Up
Magnitude: Medium
Affected Instruments: Stocks
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