Latest news with #MatthewMichelini
Yahoo
2 days ago
- Business
- Yahoo
Wall Street Giant Hunts Japan's $7.4 Trillion Piggy Bank
Apollo Global Management (NYSE:APO) is going all in on Asia. At the Bloomberg Invest conference in Hong Kong, Asia-Pacific head Matthew Michelini laid out a vision centered on high-net-worth individuals and untapped retirement capital across the region. Japan alone holds $7.4 trillion in household cash deposits. Australia's pension system is on track to become the world's second-largest by 2030. It's ripe for what we provide, Michelini said, noting Apollo plans to massively expand its team in Japan and deepen its presence across Hong Kong and Singapore. Warning! GuruFocus has detected 8 Warning Signs with APO. The shift isn't just demographicit's strategic. From 2022 to 2024, Apollo raised $35 billion in Asia by partnering with insurers and pension managers, much of it funneled into private credit via its insurance unit Athene. Michelini says that private credit in Asia is commanding a premiumtypically 150 to 200 basis points above public debtand the firm is ramping up capital deployment in places like Australia and Southeast Asia. These markets, he argued, offer spreads on par with the US and Europe, but with stronger long-term financing demand and less competition. What's pushing this capital east? Trade turbulence. According to Michelini, investors who previously planned to put $100 into US assets are now allocating $70 to the US and sending the remaining $30 to Asiamostly India and Australia. For Apollo, this macro rebalancing could be a once-in-a-decade opening. As global supply chains rewire and infrastructure needs balloon, the firm's private credit strategy is positioning itself not just as a yield play, but as a core pillar of Asia's next growth cycle. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Wall Street Giant Hunts Japan's $7.4 Trillion Piggy Bank
Apollo Global Management (NYSE:APO) is going all in on Asia. At the Bloomberg Invest conference in Hong Kong, Asia-Pacific head Matthew Michelini laid out a vision centered on high-net-worth individuals and untapped retirement capital across the region. Japan alone holds $7.4 trillion in household cash deposits. Australia's pension system is on track to become the world's second-largest by 2030. It's ripe for what we provide, Michelini said, noting Apollo plans to massively expand its team in Japan and deepen its presence across Hong Kong and Singapore. Warning! GuruFocus has detected 8 Warning Signs with APO. The shift isn't just demographicit's strategic. From 2022 to 2024, Apollo raised $35 billion in Asia by partnering with insurers and pension managers, much of it funneled into private credit via its insurance unit Athene. Michelini says that private credit in Asia is commanding a premiumtypically 150 to 200 basis points above public debtand the firm is ramping up capital deployment in places like Australia and Southeast Asia. These markets, he argued, offer spreads on par with the US and Europe, but with stronger long-term financing demand and less competition. What's pushing this capital east? Trade turbulence. According to Michelini, investors who previously planned to put $100 into US assets are now allocating $70 to the US and sending the remaining $30 to Asiamostly India and Australia. For Apollo, this macro rebalancing could be a once-in-a-decade opening. As global supply chains rewire and infrastructure needs balloon, the firm's private credit strategy is positioning itself not just as a yield play, but as a core pillar of Asia's next growth cycle. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
2 days ago
- Business
- Bloomberg
Apollo's Michelini Says Japan Leads on Opportunity in Asia
Apollo Global Management's Matthew Michelini tells Bloomberg's Sonali Basak that high-net-worth clients and access to retail investors are the biggest opportunities in Asia for growth in the coming years. (Source: Bloomberg)
Yahoo
2 days ago
- Business
- Yahoo
Apollo's Michelini on Japan Insurance, Consumer Trends
Apollo Global Management's Matthew Michelini says the Japanese insurance industry is "really interesting" right now and adds that "accessing retail consumers is one of the biggest opportunity sets." He discusses his views in a conversation with Sonali Basak at the Bloomberg Invest conference in Hong Kong. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
2 days ago
- Business
- Bloomberg
Apollo's Michelini on Japan Insurance, Consumer Trends
Apollo Global Management's Matthew Michelini says the Japanese insurance industry is "really interesting" right now and adds that "accessing retail consumers is one of the biggest opportunity sets." He discusses his views in a conversation with Sonali Basak at the Bloomberg Invest conference in Hong Kong. (Source: Bloomberg)
