Apollo Sees Pandemic Powering Surge in Assets Past $1 Trillion

Apollo Global Management Inc. expects to quadruple its $350 billion of assets over the next decade, in part because of opportunities created by the Covid-19 crisis, according to co-founder Josh Harris.

The firm, one of the giants of private equity and credit, is also exploring new businesses such as technology investing that could add billions more, he said in a Bloomberg “Front Row” interview.

“This is our time,” Harris said. “We generate superior returns in our private-equity business. We generate superior returns in our credit businesses. And as a result money tends to find us.”

WATCH: Harris discusses the economic fallout from the coronavirus crisis, investing opportunities in distressed debt and asset growth to $1 trillion.

Source: Bloomberg

Apollo has repurposed ...