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0.000821625174595303 0.0015200065730013 0.00184865664283949 0.00180757538410976 0.000410812587297651 0 0.00180757538410976 -0.00673732643168193
Stock impact report

‘You're an idiot': Apollo's Marc Rowan has a word for lenders who can't meet private credit fund redemptions Share Software stocks bound, but tech's role in debt market is here to stay Sto...

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
Software stocks are on the rebound but fears are still widespread that enterprise software market debt in private credit funds is highly concentrated and at risk of default. Alternative assets giant Apollo Global Management has seen its stock sell-off by more than 15% this year as a result, and it limited redemptions in a private credit fund to 5%. Apollo CEO Marc Rowan reiterated his firm's view at CNBC's Invest in America Forum on Wednesday that 5% redemptions per quarter are standard, and added that any private lenders that can't meet this request are “idiots.” In this article Alternative investments giant Apollo Global Management has seen its stock swoon this year as a result of fears in the private credit market. At CNBC's Invest in America Forum in Washington, D.C., on Wednesday, its billionaire CEO Marc Rowan offered the latest defense of its book of business, and latest attempt to distance the firm from the riskiest edge of the private credit market. Apollo has face Show less Read more
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