Now you understand why KKR and Apollo are peerless in the world of private equity business. They shared data with the SEC and the world got a window into the the most exclusive club in this world. A $1 billion investment in Apollo, on formation, would be worth $32 Trillion (with T) today. Source.
The SEC was shown a version of Apollo’s annual report which said it had generated an annual IRR of 39.0% over the past 30 years. At that rate, a $1 billion investment would be worth $20 TRILLION over 30 years or roughly the GDP of the US.
The SEC was also shown a of KKR’s annual report, which said it had generated an annual IRR of 25.6% over the past 45 years. At that rate, a $1 billion investment would be worth $32 TRILLION over 45 years or almost half of the GDP of planet earth.
Update: apologies that I did not give the meaning of IRR. IRR means an internal rate of returns. Think of it as an annual rate of growth and investment generated.
---
Register for Tekedia Mini-MBA (Feb 10 - May 3, 2025), and join Prof Ndubuisi Ekekwe and our global faculty; click here.
Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025) opens registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.