#1
#1 out of 1
business21h ago
'You're an idiot': Apollo CEO Marc Rowan has a word for any lenders that can't meet 5% private credit fund redemptions
- Apollo defends 5% quarterly redemption cap for its private credit fund amid investor scrutiny.
- Rowan argues the concentration risk is in software, not across the entire private credit market.
- Apollo says the private credit market is vast, with growth needed while maintaining discipline on redemptions.
- Rowan notes 11% of assets faced redemption requests, which Apollo met in part.
- He warns over-regulation or mispricing in tech debt could push risk to the right places.
- Market watchers see software stocks rebounding alongside ongoing debt-market shifts.
- Rowan contends that AI and tech disruptions shape valuations but aren't a uniform shock across all borrowers.
- Industry executives compare private credit dynamics to broader investor behavior and capital allocation.
Vote 0