Credit markets have gone to 'bubble status' says Apollo's Black [Seeking Alpha]
Apollo Global Management, Inc. (New) (APO)
Last apollo global management, inc. (new) earnings: 5/1 07:00 am
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Source: Seeking Alpha
The credit markets, unlike the equity markets, have gone to bubble status , says Apollo Global Management (NYSE: APO ) co-founder Leon Black at the Goldman financial conference. The amount of covenant-less debt is more than 2007, he says. You have a thirst for yield that exists on a global basis. So there is true excess. In this type of environment, Black's private-equity business tries to get as much covenant-lite as possible and fixed rate debt. Apollo Global's credit business, on the other hand, makes sure to have covenants. He sees credit and insurance operations providing the most potential for growth. Credit could grow to a $300B-$400B business in three to four years, he says. Previously: Apollo Global said to be targeting $1B for U.S. real estate fund: Bloomberg (Nov. 20) Previously: Deutsche Bank sees Aspen-Apollo deal closing even with wildfire costs (Nov. 13) Click to subscribe to real-time analytics on APO Now read: Goldman Sachs Trading Be
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APO
News
- Apollo India Real Estate Partner Leaves in Strategy Shift [BNN Bloomberg (Canada)]BNN Bloomberg
- Paramount, Skydance Make Progress on Potential Acquisition [Yahoo! Finance]Yahoo! Finance
- Private Credit's Answer to Liquidity Problem Finally Takes Shape [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Private Credit's Answer to Liquidity Problem Finally Takes Shape [BNN Bloomberg (Canada)]BNN Bloomberg
- Anchorage Digital Bank Launches Global Settlement Network For Digital Assets [Forbes]Forbes
APO
Earnings
- 2/8/24 - 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