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President, Apollo Global Management

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Written by

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President, Apollo Global Management

This op-ed was originally published in Fortune on July 31, 2026. 


In a Fortune op-ed, Jim Zelter writes that history provides a valuable lesson: periods of industrial transformation have consistently required a new capital architecture.

As America invests in power, infrastructure, manufacturing and critical supply chains, financing this next chapter will require a more connected capital system. 

“Rebuilding America’s industrial base after decades of underinvestment will require trillions of dollars, from expanding power infrastructure to modernizing manufacturing and strengthening critical supply chains, all competing for the same pools of capital.”

Jim Zelter, President of Apollo Global Management

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