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0.000877963125548677 0.000614574187884049 0.00193151887620719 0.00245829675153645 0.00342405618964004 0.00181123792800701 -0.000351185250219546 -0.00263388937664616
Stock impact report

Private Credit Has Too Much Cash and Not Enough Places to Put It [Financial Post (Toronto, Ontario, Canada)]

Apollo Global Management, Inc. (New) (APO) 
Last apollo global management, inc. (new) earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: apollo.com/shareholders/overview
Company Research Source: Financial Post
You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Private credit's historic rise is creating a problem that most asset managers would love to have: too much cash in their coffers. Dry powder, or the amount of money committed to private credit funds that has yet to be deployed, is at a record. That's in part because demand for their capital from buyout firms remains tepid. What's more, bank leveraged finance desks are increasingly seeking to poach back business. The result has been what some have called a ‘race to the bottom' among private credit managers. Article content Article content “Because of this supply-demand imbalance you're starting to see this behavior shift in parts of the private credit market — turning into a bit of an auction for the tightest terms,” said Sachin Khajuria, who runs family office firm Achilles Management and invests across private assets. “That means weaker underwriting standards due to co Show less Read more
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