Apollo on Private Credit: 'We Don't Do What Banks Do'

Apollo Global Management CEO Marc Rowan emphasized private credit’s distinct role, stating it fills gaps traditional banks avoid, particularly in long-term, high-risk financing. Eiji Ueda, Apollo’s Asia-Pacific chief, highlighted Japan’s urgent need for capital investment, positioning private credit as a solution for underfunded sectors like infrastructure and technology. Rowan noted Apollo’s strategy leverages flexible terms and patient capital, contrasting with banks’ shorter-term, regulatory-constrained lending models. The discussion underscored Japan’s economic shift, with private credit emerging as a key driver for corporate growth amid stagnant bank lending and aging demographics. Both executives stressed Apollo’s global expertise in structuring bespoke deals, aligning with Japan’s push for innovation financing beyond conventional debt markets.