John Zito
๐ค SpeakerAppearances Over Time
Podcast Appearances
We're back.
Let's do this again.
Yeah.
And that's what it's like.
We were all on the floor having fun, and we ended up winning that deal.
We ended up taking on $28 billion of assets.
We brought in three partners, including MassMutual, to partner with us on the equity.
Two sovereigns as well.
And now we're on pace to grow that to, I think, $50 billion.
And our long-term goal is to grow that to a $100 billion warehouse business.
We've hired 180 people into that business.
Completely, we'd have to restaff it with its own CFO, CRO, entire operations as a real company.
We rebranded it Atlas.
And now we control 280 separate warehouses.
We're one of the go-to places to provide across all these different asset categories, and we control the front end.
That's just right down the middle of the fairway, everything about Apollo, where it's working.
I'd say the most time and attention the last five years I had to deal with was probably Carvana.
And I know you know, Ernie, that situation went from us being down half a billion dollars to up a billion dollars probably in a matter of six months.
It went from us being a lead order in a JP Morgan syndicated deal in 22 to all of the bonds a year later trading at 30, having bought another 750 to a billion of bonds on the way down.
And.