Episode Details

What is private credit, and why are the world's largest investors moving billions into it? 

Apollo CEO Marc Rowan joins Peter Mallouk for an in-depth conversation on one of the fastest-growing areas in investing. From private credit and private markets to portfolio diversification and long-term wealth creation, Marc explains why the investment landscape is changing and what it means for individual investors. 

Marc shares why higher interest rates have made private credit more attractive, how private markets are evolving alongside public markets and why diversification, origination and disciplined investing matter more than ever. He also discusses the future of retirement investing, the growing role of financial advisors and how technology is reshaping access to private investments. 

What You'll Learn 

✅ What private credit is and why it's becoming one of the fastest-growing investment opportunities 

✅ How private markets are changing portfolio diversification and long-term investing 

✅ Why higher interest rates have reshaped the investment landscape 

✅ Marc Rowan's outlook on retirement investing, financial advice and the future of private markets 

Visit PeterMallouk.com for more conversations with world-class leaders, authors and experts on investing, leadership and living a meaningful life. 

Timestamps 

• (00:00) Private credit, wealth creation, and the future of investing
• (01:28) Why investors are moving into private credit
• (06:30) Private vs. public markets
• (11:25) Why private markets keep growing
• (16:44) Liquidity and investment returns
• (22:28) The future of private investing
• (28:50) What happens during the next bear market?
• (31:18) Is private credit really “shadow banking”?
• (35:29) The future of 401(k) investing
• (38:44) Leadership, culture, and building Apollo

Key Takeaways 

🔹 Private credit has evolved into one of the fastest-growing asset classes, offering investors new opportunities for diversification and income. 

🔹 Successful investing isn't about choosing between public or private markets. It's about building a portfolio that uses both strategically. 

🔹 Long-term investment success comes from disciplined underwriting, thoughtful risk management and buying quality assets at the right price. 

🔹 As financial markets continue to evolve, access to private investments and professional advice will play an increasingly important role in building wealth. 

About the Guest 

Marc Rowan is the Chief Executive Officer of Apollo Global Management, one of the world's largest alternative asset managers and a global leader in private credit, private equity, infrastructure and real assets. Since co-founding Apollo in 1990, Marc has helped grow the firm into one of the most influential investment organizations in the world, managing hundreds of billions of dollars on behalf of institutional and individual investors. 

Widely recognized as one of the leading voices in private markets, Marc has been instrumental in expanding access to private credit and developing innovative investment solutions for retirement plans, financial advisors and institutions. His expertise spans capital markets, corporate finance, risk management and long-term investing.