Private Credit's Answer to Liquidity Problem Finally Takes Shape [BNN Bloomberg (Canada)]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: BNN Bloomberg
Now a market where investors can unload their stakes is taking shape. As many as $15 billion of such portfolio sales are set to close this year, according to a new survey from Ely Place Partners Ltd., which advises sellers of the funds. That's triple the reported amount of deals closed in each of the previous two years. The forecast is affirmation for buyers including Apollo Global Management Inc., Ares Management Corp. and Allianz SE, who have lined up billions for new strategies based on the idea that stakes in private credit funds can be recycled. On average, the portfolios are being sold at discounted prices of around 85 cents on the dollar, according to the survey. Sales offering early exits, known as “secondary” deals, also suggest the liquidity hole at the heart of the private credit market can be bridged. Investors have plunged headlong into private loans that offer double-digit returns in a bull run, but no get-out clause in a bear market. That's set off alarms at reg
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News
- Apollo Global Management, Inc. (NYSE:APO) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Apollo Global Management (APO) Announces 7.6% Dividend Hike [Yahoo! Finance]Yahoo! Finance
- Paramount dips again as odds grow that it proceeds with no merger [Seeking Alpha]Seeking Alpha
- Paramount, Skydance Exclusive Talks Window Likely to Close Without a Deal, So What Happens Next? [Yahoo! Finance]Yahoo! Finance
- Apollo Global Management, Inc. (NYSE: APO) had its price target raised by analysts at Evercore ISI from $120.00 to $128.00. They now have an "outperform" rating on the stock.MarketBeat
APO
Earnings
- 5/2/24 - Beat
APO
Sec Filings
- 4/11/24 - Form 4
- 3/21/24 - Form 4
- 3/5/24 - Form 4
- APO's page on the SEC website