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MARC ROWAN, the highest executive officer of Apollo Global Management, says that the wave of partnership between the alternative asset manager and the major asset manager shakes the wall street.
Rowan predicted that large -scale private capital companies would further distribute investments, such as the acquisition of companies, to conventional asset managers who prioritized client exposure to private assets.
He stated that APOLLO and other companies could create an investment fund or large -scale management account of a conventional asset manager who expanded the ownership of private assets.
In the fourth quarter revenue call of Apollo, Rowan states:
The integrated net income of Apollo in the quarter rose 15 % from the previous year to $ 1.36 billion. The company’s shares decreased by 2.8 % on Tuesday daytime transactions.
Rowan stated that Black Rock acquiring a private credit manager HPS investment partner and an infrastructure group global infrastructure partner should be considered a “morning call” in the investment industry.
He said that these Mega Dale indicated the need for traditional investment groups to provide private funds, which would lead to a larger “convergence” between public investment and private investment portfolios.
His comments are the industry’s largest private capital group, such as Apollo, Blackstone, KKR, and Brookfield, and eventually manages the wealthy individual investors, and eventually the normal retirement saver. It has grown.
Executives predict that the industry will manage $ trillions of $ trillions for individual investors in addition to 13TNs managed by institutions.
Traditional asset managers prioritize investing in private assets, which are higher and diversified than the public market. These efforts will be reduced in public funding fees, and as investors will regard public shares and bond portfolios as product products.
“Our industry and our company will be a supplier of products similar to conventional asset managers, given the incredible index and correlation.
Last year, Capital Group and KKR, one of the world’s largest asset managers, launched two co -brand private funds as part of a wider partnership between groups. Tuesday KKR reported that it was slightly better than the fourth quarter prediction adjusted revenue, but the shares were paid after paid payments in management assets that missed analyst forecasts. It decreased by 7 % or more in transactions.
Such partnerships between the two financial fields, which have been treated as a clear market for decades, reflect the increase in loans between private capital groups and wider bank systems.
Since the collapse of Silicon Valley Bank and Credit Swiss in 2023, private capital groups have formed major banks such as City Group and JP Morgan, and have reduced loans due to restrictions and capital constraints.
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In these partnerships, private capital companies use investors’ cash to provide funds to the loans procured by major banks. They also form a flow arrangement for distributing the slices of the loan they occur, and sells them to major banks in search of high -profit assets.
In 2024, Apollo gave birth to a record of $ 220 billion and gained a partnership with a bank with dozens of partnerships with banks.
The Lowan said that the Trump administration would roll back bank regulations that restricted bank loans and revived competitiveness.
“Banks will be a more powerful competitors, which we call directly or private credit businesses,” said Rowan, a deregulation push, Rowan. He also predicted the “tremendous integration of regional banks” during the Trump administration.
