Apollo Plans to Sell Assets It Originates to Retail, ETFs (1)

Apollo Global Management Inc. plans to expand its asset origination business to sell private credit to retail channels, including exchange traded funds, Chief Executive Officer Marc Rowan said Thursday.

The firm already sells credit instruments to insurers, including its own Athene unit, and institutional investors. Apollo has set a five-year goal of boosting annual origination to $200 billion to $250 billion.

“We built a third-party insurance business and then we built a third-party institutional business, a fixed-income replacement business, and you will watch us do this in retail,” Rowan said at the Bernstein Strategic Decisions Conference. “You will watch us ...