08:40 AM EDT, 10/01/2024 (MT Newswires) -- Apollo Global Management ( APO ) said Tuesday it is expecting 20% average growth in its asset management business and 10% in its retirement unit over the next five years, as demand for private credit and retirement services rises.

Adjusted net income is expected to reach $15 per share in the next five years, with annual origination volume forecasted to reach $275 billion, the company said in an investor presentation.

Apollo also expects to double its assets under management, which was reported to be $696 million in Q2, by 2029.

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