Apollo Projects $10 Billion of Earnings in Five Years
- Firm expects to oversee $1.5 trillion of assets by 2029
- Alternative asset manager reveals figures on investor day
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Apollo Global Management Inc. expects to generate $10 billion of annual earnings across its asset management and retirement businesses by 2029, driven by investor demand for private credit and annuities.
Fee-related earnings are forecast to grow 20% on average annually for the next five years, while earnings at its Athene insurance arm will increase 10%, Apollo said Tuesday in an investor presentation.