Apollo CEO says inflation is everywhere in company’s portfolio

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Marc Rowan, co-founder and senior managing director of Apollo Global Management LLC, speaks at the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, April 29, 2014.

Patrick T. Fallon | Bloomberg | Getty Images

The high inflation readings for the U.S. economy are showing up in every facet of business for investing giant Apollo, CEO Marc Rowan said Monday.

“Everywhere. There’s not a place [where we are not seeing it]. Everything that we once did now costs more,” Rowan told CNBC’s Leslie Picker as part of “Delivering Alpha.” “Lead times, pressure on inventory, pressure on supplies, pressure on employment. Our experience in our portfolio is really no different than the broader economy.”

Rowan said it “remains to be seen” if inflation proves to be transitory — that is, temporary — as Federal Reserve chair Jerome Powell has repeatedly said. Still, Rowan believes that the price increases will ease as the recent spending…

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