Apollo Global CEO Says Energy and AI Infrastructure Now Drive the Firm's Business

what happened

Apollo Global Management CEO Marc Rowan said on Wednesday at the Dow Jones Energy Forum in New York that energy infrastructure and the transition, including artificial intelligence and data centers, are now the main drivers of his company. He said the firm, which manages $1 trillion in assets, is increasingly driven by pipelines, power transmission, next-generation manufacturing, defense and infrastructure rather than its well-known private-equity business.

Rowan said Apollo will allocate a "very large percentage", or between $50 billion and $75 billion, of its planned $400–500 billion in loan origination this year to energy and AI companies. He argued that rising electricity demand is central to this and that almost everyone is short of energy. He also said the U.S. has lagged China sharply in growing power-generation capacity.

According to OPIS, Apollo originated about $309 billion of assets in 2025.

why it matters

For markets, the signal is that large investors are directing long-term capital into power grids, gas generation and electricity supply for data centers. Demand from AI may keep interest in energy infrastructure and companies building such capacity elevated.

market impact

Energy infrastructure and power grids: more long-term financing supports demand for power generation and transmission projects

tags

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