U.S. ‘industrial renaissance' is fueling a rebound in fundraising, Apollo CEO Marc Rowan says [CNBC]
Apollo Global Management, Inc. (New) (APO)
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Source: CNBC
Other panelists said normalization of economic conditions and growth in the data center and energy sectors were also leading to a rebound in fundraising activity. An “industrial renaissance” in the U.S. is fueling demand for capital, Marc Rowan, CEO of Apollo Global Management said at the Global Financial Leaders' Investment Summit in Hong Kong. “There is so much demand for capital, [including through debt and equity] ... What's going on is nothing short of extraordinary,” Rowan said on Tuesday during a panel discussion. This demand has been supported by massive government spending, particularly on infrastructure, the semiconductor industry and projects under the Inflation Reduction Act , said the asset manager, who is reportedly in the running for Treasury Secretary position under President-elect Donald Trump. “What we're watching is this incredible demand for capital happening against a backdrop of a U.S. government that is running significant deficits. And so the capital r
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APO
Earnings
- 11/6/24 - Beat
APO
Sec Filings
- 11/18/24 - Form 4
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- APO's page on the SEC website