Apollo CEO discusses private equity, real estate, and regional banking.
TL;DR Summary
Apollo Global Management CEO Marc Rowan acknowledges that private equity was not immune to the lure of liquidity, which led to growth in public equity markets and technology. However, he remains confident in the firm's long-term approach to each of its businesses, emphasizing the importance of thinking long-term and making decisions as if they will own the business forever. Despite concerns in the broader economy, Apollo has continued to make big deals, including the acquisition of Univar Solutions for $8.1 billion and a $500 million investment in education tech company Cengage Group.
Topics:business#apollo-global-management#finance#liquidity#long-term-thinking#marc-rowan#private-equity
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