U.S. 'industrial renaissance' is fueling a rebound in fundraising, Apollo CEO Marc Rowan says [MSNBC.com]
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Source: MSNBC.com
Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O'Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC, and David Solomon, chief executive officer of Goldman Sachs Group Inc., during the Global Financial Leaders' Investment Summit in Hong Kong, China, on Tuesday, Nov. 19, 2024.Bloomberg | Bloomberg | Getty ImagesAn "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 theInflation Reduct
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