Apollo's Zelter on AI Capex, ‘Higher for a While' Rates

• The AI infrastructure build-out is of 'unprecedented' scale, presenting enormous financing opportunities for private capital.
• Apollo focuses on debt financing in resilient sectors like mainstream sports and AI infrastructure, citing low obsolescence and strong margins of safety.
• Interest rates are expected to be 'higher for longer,' but the economy and markets have shown resilience, creating an 'amazing time' for credit investors.

Apollo Global Management President Jim Zelter discusses the 'unprecedented' scale of AI infrastructure build-out, highlighting significant opportunities for private capital, particularly in debt financing. He reiterates his view that interest rates will remain 'higher for longer' but notes the economy's resilience and strong conditions for credit investors. He also touches on Apollo's recent partnerships in sports and technology.