Apollo has set out plans to double its belongings beneath administration (AUM) from $696bn (£523bn) to $1.5tn by 2029.
The bold goal was introduced at in the present day’s investor day to current its enterprise priorities and five-year monetary targets.
In its presentation on the credit score enterprise, the agency pointed to huge alternatives within the funding grade market and asset-backed finance.
Apollo at present has $562bn in credit score AUM, comprised of $365bn of company credit score and $197bn of asset-backed finance.
Learn extra: Apollo inks $5bn funding dedication from BNP Paribas
The agency’s progress goal is predicated on the persevering with pattern away from conventional lenders, in addition to the ensuing rising alternatives to lend to progress sectors similar to vitality transition, energy and utilities, and digital infrastructure industries.
“In each market, banks are being requested to do much less and buyers are being requested to do extra,” Apollo chief govt Marc Rowan mentioned. “We’re simply in the beginning of this pattern.”
In line with the Monetary Occasions, if Apollo meets its goal of originating $275bn in debt yearly inside 5 years, it is going to turn out to be the one of many greatest debt underwriters on Wall Road.
Apollo has originated $164bn in new loans over the previous 12 months.
Learn extra: Apollo acquires greater than half of threat on Deutsche Financial institution’s $3bn mortgage portfolio
“In an business the place we consider the capability to originate good belongings is the important thing to success, Apollo is taking part in to win,” mentioned Rowan.
“Our complete business is supported by highly effective tailwinds that assist sturdy progress over the subsequent 5 years. Apollo is uniquely positioned given our deal with origination, expansive credit score franchise and retirement providers chief, Athene.”
Learn extra: State Road companions with Coller Capital
