Key Takeaways
- • Apollo Global Management, led by Co-Founder and CEO Marc Rowan, manages over $630 billion in assets under management across alternative asset management and retirement services lines serving institutional and individual investors.
- • Rowan discussed private credit's role in fueling economic growth during his in-person breakfast interview with David Rubenstein at the Economic Club of Washington, D.C., on February 27, 2024, covering Apollo's origination of private investment-grade credit and funding diversity.
- • Apollo's business model combines capital solutions to companies across the broader economy with retirement income services for millions of investors, positioning the firm as a dual-purpose alternative asset manager and financial services provider.
- • Rowan holds significant leadership positions beyond Apollo, including board seats at Athene Holding Ltd. and Athora Holding Ltd., plus philanthropic roles as Chair of UJA-Federation of New York and Founding Member and Chair of the Youth Renewal Fund.
Summary
Marc Rowan, Co-Founder and CEO of Apollo Global Management, participated in a signature breakfast event hosted by the Economic Club of Washington, D.C., on February 27, 2024, where he was interviewed by David Rubenstein. The discussion centered on Apollo's role in the financial ecosystem and the mechanics of private credit as an economic driver.
Apollo Global Management operates as a global alternative asset manager and retirement services business with over $630 billion in assets under management. The firm serves both institutional and individual investors across multiple business lines, providing capital solutions to companies throughout the economy while simultaneously delivering retirement income services to millions of clients. This dual-mandate structure positions Apollo as a significant player in both the alternative investment and retirement savings markets.
During the Economic Club event, Rowan addressed how private credit helps fuel economic activity and discussed the depth and diversity of Apollo's funding mechanisms. The conversation highlighted Apollo's approach to originating private investment-grade credit—a critical function in markets where traditional banking channels may be constrained or insufficient for borrower needs. This focus reflects the broader industry shift toward alternative credit providers as complements to traditional bank lending.
Beyond his executive role, Rowan maintains an extensive leadership portfolio. He serves on the boards of directors of Athene Holding Ltd. and Athora Holding Ltd., reflecting Apollo's expansion into the retirement and insurance sectors. His philanthropic commitments are substantial: he chairs the Board of Advisors of the Wharton School of Business at the University of Pennsylvania and serves as Chair of the Board of UJA-Federation of New York, an organization supporting 4.5 million people annually through a network of nonprofits across New York, Israel, and 70 additional countries. Rowan also serves as Founding Member and Chair of the Youth Renewal Fund and Vice Chair of Darca, Israel's largest educational network operating 47 schools serving over 27,000 students.
Apollo Global Management operates as a global alternative asset manager and retirement services business with over $630 billion in assets under management. The firm serves both institutional and individual investors across multiple business lines, providing capital solutions to companies throughout the economy while simultaneously delivering retirement income services to millions of clients. This dual-mandate structure positions Apollo as a significant player in both the alternative investment and retirement savings markets.
During the Economic Club event, Rowan addressed how private credit helps fuel economic activity and discussed the depth and diversity of Apollo's funding mechanisms. The conversation highlighted Apollo's approach to originating private investment-grade credit—a critical function in markets where traditional banking channels may be constrained or insufficient for borrower needs. This focus reflects the broader industry shift toward alternative credit providers as complements to traditional bank lending.
Beyond his executive role, Rowan maintains an extensive leadership portfolio. He serves on the boards of directors of Athene Holding Ltd. and Athora Holding Ltd., reflecting Apollo's expansion into the retirement and insurance sectors. His philanthropic commitments are substantial: he chairs the Board of Advisors of the Wharton School of Business at the University of Pennsylvania and serves as Chair of the Board of UJA-Federation of New York, an organization supporting 4.5 million people annually through a network of nonprofits across New York, Israel, and 70 additional countries. Rowan also serves as Founding Member and Chair of the Youth Renewal Fund and Vice Chair of Darca, Israel's largest educational network operating 47 schools serving over 27,000 students.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.