How a gap in the banking sector is generating returns
It's not often that the terms "increased regulation" and "opportunity" appear in the same sentence. But for the team at Apollo Global Management, it's a theme they look at closely. It's been nearly two decades since the start of the Global Financial Crisis, with the ramifications being significant regulatory changes across the globe. One of those changes tightened lending requirements on banks and thus left an enormous gap in the market.
It's a space that businesses like Apollo Global Management have been able to step in and fill.
“In many cases, we are able to take very experienced, seasoned professionals that have been managing businesses for a long period of time, reconstitute them outside of the bank and stand up really successful businesses,” says Eric Hanno, co-head of Apollo Aligned Alternatives. But what gets Hanno most excited about this particular investment theme are the potential returns.
In this episode of The Pitch, Hanno discusses the different strategies Apollo uses, and how post-GFC regulation became an opportunity.
Read the full article on Livewire.