Business Breakdowns
Episode 208 Apollo: Connoisseurs of Complexity
Business Breakdowns

Episode 208: Apollo: Connoisseurs of Complexity

Business Breakdowns

Episode 208

Apollo: Connoisseurs of Complexity

Hunter Hopcroft is a financial analyst and writer. We cover Apollo's mastery of complex deals, how they created a financial perpetual motion machine, and why the future of the alternative asset management industry lies in credit origination.

(00:00:00) Welcome to Business Breakdowns

(00:02:49) Apollo's Current Landscape

(00:07:45) Apollo's Founding and Early Days

(00:10:39) Key Deals and Strategies

(00:17:09) The 2000s and Financial Crisis

(00:22:10) IPO and Public Transition

(00:25:47) Leadership Transition to Marc Rowan

(00:31:20) Rowan's Vision and Athene Merger

(00:35:12) Investment Strategies of Alt Managers

(00:36:28) The Athene Merger and Its Implications

(00:38:30) Rowan's Breakthrough in Spread Generation

(00:39:49) Innovative Asset Origination Platforms

(00:44:42) Private Credit and Market Dynamics

(00:46:49) The Future of Apollo and Private Credit

(00:52:09) Evaluating Apollo's Business Model

(01:05:33) Reputation and Evolution of Apollo

(01:08:50) Lessons from Apollo

Apollo: Connoisseurs of Complexity

Introduction

Matt
This is Matt Reustle and today we are breaking down Apollo. For this breakdown I am joined by Hunter Hopcroft, financial analyst and writer based in New York, and if you haven't read Hunter's work, please find links in the show notes. You will enjoy his coverage of how the financial markets are evolving.

Now, I reflected on my personal experiences with Apollo for this episode and there's a saying that hard work can beat talent. When talent doesn't beat hard work, Apollo has talent and Apollo works really damn hard. They will do everything they can to protect their capital. So if you're on the other side of the table from them, you never feel fully comfortable. It's like having a 20-point lead in the fourth quarter against a team that you know will find a way to come back, and you can never take your foot off the gas.

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