Apollo Asset Management Inc (APO)

$117.21 +3.08 (2.70%)
Market Cap 66.01B
Revenue (ttm) 32.05B
Net Income (ttm) 3.49B
EPS (ttm) N/A
PE Ratio 16.07
Forward PE 13.81
Profit Margin 10.90%
Debt to Equity Ratio 0.31
Volume 6,265,700
Avg Vol 3,906,778
Day's Range N/A - N/A
Shares Out 580.42M
Stochastic %K 13%
Beta 1.57
Analysts Strong Sell
Price Target $161.28

Company Profile

Apollo Global Management, Inc. is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate...

Industry: Asset Management
Sector: Financial Services
Phone: 212 515 3200
Address:
9 West 57th Street, 41st Floor, New York, United States
Nickv27
Nickv27 Feb. 25 at 5:09 PM
$APO https://finance.yahoo.com/news/apollo-global-management-apo-attractive-141340438.html
0 · Reply
DomLuminous
DomLuminous Feb. 25 at 4:03 PM
$APO After recent ER should be over 200
0 · Reply
Jstr22
Jstr22 Feb. 25 at 3:37 PM
$APO
0 · Reply
JLInvest
JLInvest Feb. 25 at 1:50 PM
$SPY $QQQ More welfare systems being proposed by the government. 1k match for those without employer sponsored 401ks. I'd rather the government increase caps in IRA's and other self directed options than creating a bigger pool of 401k investors. In the background Private Equity firms are aggressively lobbying the government to gain access to 401k plans. $OWL $BLK $APO 401k add friction with all sorts of fees. This is why Private Equity funds want in. 401ks were designed by Wall Street.
0 · Reply
Copperheads
Copperheads Feb. 24 at 9:32 PM
$APO $BX $CRWV $JPM $OWL oh he is full of shit he posted the same bullshit about bitcoin years back stated it was a pet rock and a Ponzi scheme. How that work out for him, these clowns should just keep their fat mouths shut no one fucking cares about their opinions. We live in the trenches daily buying and selling stocks these clowns just sit in their luxurious offices and collect their millions in salaries. Idiots all of them.
1 · Reply
topstockalerts
topstockalerts Feb. 24 at 8:57 PM
JPMorgan Chase CEO Jamie Dimon warned that “dumb stuff” reminiscent of the 2008 financial crisis may be resurfacing—this time in the $3 trillion private-credit market. He cautioned that credit cycles often bring surprises and said his “anxiety is high,” particularly as opaque lending grows outside traditional banks. Private-credit giants like Blue Owl Capital , Blackstone , and Apollo Global Management have expanded aggressively, stepping in as banks retreated from corporate lending. Much of that growth funded private-equity deals and, more recently, AI-related data center buildouts. Concerns are mounting that heavy exposure to leveraged tech and infrastructure projects—such as financing tied to CoreWeave —could strain lenders if conditions worsen. Unlike public markets, where falling stock prices quickly signal stress, private credit is illiquid and loans are often marked internally, delaying recognition of losses. $JPM $OWL $BX $APO $CRWV
0 · Reply
Bullock3000
Bullock3000 Feb. 24 at 6:49 PM
$SLV DOWN and private credit ($OWL $APO $KKR ) UP. The usual suspects are fleecing some retail pocket change today. Be frightened by real asset decline and FOMO our opaque fantasies. ROFL.
0 · Reply
DomLuminous
DomLuminous Feb. 24 at 4:49 PM
$APO Looks like the ties are getting deeper with $COIN. Coin partnered with Yahoo Finance to enable instant trading from Yahoo finance.
0 · Reply
DomLuminous
DomLuminous Feb. 24 at 2:56 PM
$APO Defending the SUB 110 level!
0 · Reply
Bullock3000
Bullock3000 Feb. 23 at 8:20 PM
$OWL P/E=174. $APO P/E=21. $OWL right now is just a pinky promise (just after breaking a key promise). The stock price is controlled by Institutional unwind algorithms. Expect today everday, or worse.
0 · Reply
Latest News on APO
Two Low-SaaS 11%+ BDCs Going From Bargains To Buys

Feb 25, 2026, 10:08 AM EST - 9 hours ago

Two Low-SaaS 11%+ BDCs Going From Bargains To Buys

ARCC BIZD BX BXSL HTGC HYG KBDC

Apollo Global: The Credit Giant Being Treated Like A SaaS Fund

Feb 24, 2026, 10:52 AM EST - 1 day ago

Apollo Global: The Credit Giant Being Treated Like A SaaS Fund

Keurig Dr Pepper Announces Updated Financing Plan for JDE Peet's Acquisition

Feb 23, 2026, 4:30 PM EST - 2 days ago

Keurig Dr Pepper Announces Updated Financing Plan for JDE Peet's Acquisition

KDP KKR

The ABCs Of BDC Risk

Feb 23, 2026, 4:20 PM EST - 2 days ago

The ABCs Of BDC Risk

ARCC ARES BBDC BCSF BX BXSL CG

This Major Market Rotation Just Handed Dividend Investors A Huge Gift

Feb 23, 2026, 3:38 PM EST - 2 days ago

This Major Market Rotation Just Handed Dividend Investors A Huge Gift

AMLP ARCC ARES BIZD BX BXSL GDX

Alternative Managers' Woes Deepen Amid Software Slump. The Pressure Has Been Building.

Feb 23, 2026, 2:08 PM EST - 2 days ago

Alternative Managers' Woes Deepen Amid Software Slump. The Pressure Has Been Building.

ARES BX KKR OWL

Apollo Provides $1 Billion Hybrid Capital Solution to Aldar

Feb 20, 2026, 1:00 AM EST - 5 days ago

Apollo Provides $1 Billion Hybrid Capital Solution to Aldar

Blue Owl Move to Curb Redemptions at Private Credit Fund Hits Alt Manager Stocks

Feb 19, 2026, 11:30 AM EST - 6 days ago

Blue Owl Move to Curb Redemptions at Private Credit Fund Hits Alt Manager Stocks

ARES OWL

Apollo says CEO Rowan had no business or personal relationship with Epstein

Feb 18, 2026, 9:14 PM EST - 6 days ago

Apollo says CEO Rowan had no business or personal relationship with Epstein

Apollo Sent the Following Letter to Clients and Partners

Feb 18, 2026, 5:23 PM EST - 7 days ago

Apollo Sent the Following Letter to Clients and Partners

Apollo Reassures Clients Over CEO's Epstein Files Appearances: ‘Nothing New'

Feb 17, 2026, 8:15 PM EST - 7 days ago

Apollo Reassures Clients Over CEO's Epstein Files Appearances: ‘Nothing New'

Wagamama owner mulls sale of airport and rail‑hub dining arm, Sky News reports

Feb 17, 2026, 5:56 AM EST - 8 days ago

Wagamama owner mulls sale of airport and rail‑hub dining arm, Sky News reports

Apollo Global: Overdone Credit Fears Create A Buying Opportunity (Upgrade)

Feb 13, 2026, 6:21 PM EST - 12 days ago

Apollo Global: Overdone Credit Fears Create A Buying Opportunity (Upgrade)

Apollo, Blackstone execs offer reassurance as software sell-off hits their stocks too

Feb 13, 2026, 6:11 AM EST - 12 days ago

Apollo, Blackstone execs offer reassurance as software sell-off hits their stocks too

BX KKR

Kemmons Wilson Hospitality Partners and Ascendant Capital Partners Joint Venture Completes Acquisition of Sotherly Hotels Inc.

Feb 12, 2026, 9:35 AM EST - 13 days ago

Kemmons Wilson Hospitality Partners and Ascendant Capital Partners Joint Venture Completes Acquisition of Sotherly Hotels Inc.

SOHO

Apollo Global Management, Inc. (APO) Presents at Bank of America Financial Services Conference 2026 Transcript

Feb 11, 2026, 11:04 AM EST - 14 days ago

Apollo Global Management, Inc. (APO) Presents at Bank of America Financial Services Conference 2026 Transcript

Apollo Global Management, Inc. (APO) Presents at UBS Financial Services Conference 2026 Transcript

Feb 10, 2026, 12:34 PM EST - 15 days ago

Apollo Global Management, Inc. (APO) Presents at UBS Financial Services Conference 2026 Transcript

Apollo Names Diego De Giorgi as Incoming Head of EMEA

Feb 9, 2026, 11:41 PM EST - 15 days ago

Apollo Names Diego De Giorgi as Incoming Head of EMEA

Clear Channel Outdoor Holdings, Inc. Agrees to be Acquired by Mubadala Capital, in Partnership with TWG Global, for $6.2 Billion

Feb 9, 2026, 5:32 PM EST - 16 days ago

Clear Channel Outdoor Holdings, Inc. Agrees to be Acquired by Mubadala Capital, in Partnership with TWG Global, for $6.2 Billion

CCO

Why BDC Dividend Cuts Aren't The Red Flag Investors Think

Feb 9, 2026, 5:05 PM EST - 16 days ago

Why BDC Dividend Cuts Aren't The Red Flag Investors Think

AMLP ARCC ARES BIZD BKLN BX BXSL

Apollo Global Management, Inc. (APO) Q4 2025 Earnings Call Transcript

Feb 9, 2026, 2:14 PM EST - 16 days ago

Apollo Global Management, Inc. (APO) Q4 2025 Earnings Call Transcript

Apollo Global nears $3.4B loan to lease Nvidia chips to Elon Musk's xAI: report

Feb 9, 2026, 10:50 AM EST - 16 days ago

Apollo Global nears $3.4B loan to lease Nvidia chips to Elon Musk's xAI: report

Apollo, xAI near $3.4 billion deal to fund AI chips, the Information reports

Feb 9, 2026, 9:12 AM EST - 16 days ago

Apollo, xAI near $3.4 billion deal to fund AI chips, the Information reports

Apollo Global Management Profit Falls, Revenue Rises

Feb 9, 2026, 7:06 AM EST - 16 days ago

Apollo Global Management Profit Falls, Revenue Rises

Apollo Reports Fourth Quarter and Full Year 2025 Results

Feb 9, 2026, 6:30 AM EST - 16 days ago

Apollo Reports Fourth Quarter and Full Year 2025 Results

Schroders, Apollo agree products partnership to target wealthy clients

Feb 9, 2026, 3:58 AM EST - 16 days ago

Schroders, Apollo agree products partnership to target wealthy clients

Schroders and Apollo to deliver next generation investment solutions in ambitious multi-channel partnership

Feb 9, 2026, 3:00 AM EST - 16 days ago

Schroders and Apollo to deliver next generation investment solutions in ambitious multi-channel partnership

Private credit worries resurface in $3 trillion market as AI pressures software firms

Feb 8, 2026, 11:41 PM EST - 16 days ago

Private credit worries resurface in $3 trillion market as AI pressures software firms

ARES OWL

Buy The Dip: 11-13% Yields Getting Way Too Cheap

Feb 6, 2026, 9:36 AM EST - 19 days ago

Buy The Dip: 11-13% Yields Getting Way Too Cheap

ARCC ARES BIZD BX BXSL GBDC JPM

The Software Selloff Is Pummeling Alternative Managers. Three Stocks to Weather the Storm.

Feb 4, 2026, 4:01 PM EST - 21 days ago

The Software Selloff Is Pummeling Alternative Managers. Three Stocks to Weather the Storm.

BAM BX CG

Apollo to Present at the BofA Securities Financial Services Conference

Feb 4, 2026, 8:00 AM EST - 21 days ago

Apollo to Present at the BofA Securities Financial Services Conference

Blackstone Stock, Alternative Managers, BDCs Dive as Software Woes Infect Private Credit

Feb 3, 2026, 4:38 PM EST - 22 days ago

Blackstone Stock, Alternative Managers, BDCs Dive as Software Woes Infect Private Credit

BX ARES KKR OWL

Private credit stocks plummet on concern about exposure to software industry disrupted by AI

Feb 3, 2026, 3:32 PM EST - 22 days ago

Private credit stocks plummet on concern about exposure to software industry disrupted by AI

KKR OWL TPG

Software Slump Drags Down Private-Fund Managers

Feb 3, 2026, 2:04 PM EST - 22 days ago

Software Slump Drags Down Private-Fund Managers

ARES BX OWL

Exclusive: Apollo to invest in Canada's largest fitness club operator The GoodLife Group

Feb 2, 2026, 4:06 PM EST - 23 days ago

Exclusive: Apollo to invest in Canada's largest fitness club operator The GoodLife Group

Apollo to Present at the UBS Financial Services Conference

Feb 2, 2026, 8:00 AM EST - 23 days ago

Apollo to Present at the UBS Financial Services Conference

10-12% Yields Trading For Pennies On The Dollar

Jan 30, 2026, 7:05 AM EST - 26 days ago

10-12% Yields Trading For Pennies On The Dollar

ARES BIZD BKLN BX HYG JPM OBDC

Apollo Provides €900 Million Refinancing for Pan-European Logistics and Industrial Portfolio Owned by Cerberus and Arrow Capital Partners

Jan 29, 2026, 4:00 AM EST - 27 days ago

Apollo Provides €900 Million Refinancing for Pan-European Logistics and Industrial Portfolio Owned by Cerberus and Arrow Capital Partners

BDCs: Buying 10% Income The Smart Way

Jan 25, 2026, 7:30 AM EST - 4 weeks ago

BDCs: Buying 10% Income The Smart Way

ARES BIZD BX HTGC MAIN OBDC OWL

Athene Announces Fourth Quarter 2025 Fixed Income Investor Call

Jan 22, 2026, 7:45 AM EST - 4 weeks ago

Athene Announces Fourth Quarter 2025 Fixed Income Investor Call

Bridge Investment Group Appoints Dugan Fife as Head of Wealth Solutions

Jan 20, 2026, 8:35 AM EST - 5 weeks ago

Bridge Investment Group Appoints Dugan Fife as Head of Wealth Solutions

Final Trades: ServiceNow, Apollo Global and Intercontinental Exchange

Jan 15, 2026, 1:26 PM EST - 5 weeks ago

Final Trades: ServiceNow, Apollo Global and Intercontinental Exchange

ICE NOW

QXO Upsizes Convertible Preferred Equity Placement to $3 Billion

Jan 12, 2026, 6:00 AM EST - 6 weeks ago

QXO Upsizes Convertible Preferred Equity Placement to $3 Billion

QXO

Apollo Backs $5.4 Billion Valor and xAI Data Center Compute Infrastructure Transaction with $3.5 Billion Capital Solution

Jan 7, 2026, 8:00 AM EST - 7 weeks ago

Apollo Backs $5.4 Billion Valor and xAI Data Center Compute Infrastructure Transaction with $3.5 Billion Capital Solution

Trump says U.S. to ban large investors from buying homes

Jan 7, 2026, 1:00 AM EST - 7 weeks ago

Trump says U.S. to ban large investors from buying homes

BX INVH

Apollo to Announce Fourth Quarter and Full Year 2025 Financial Results on February 9, 2026

Jan 6, 2026, 8:00 AM EST - 7 weeks ago

Apollo to Announce Fourth Quarter and Full Year 2025 Financial Results on February 9, 2026

Russell Investments Announces Strategic Financing to Support Long-Term Growth

Jan 6, 2026, 8:00 AM EST - 7 weeks ago

Russell Investments Announces Strategic Financing to Support Long-Term Growth

Pluto Launches an AI-Powered Lending Platform to Unlock Liquidity in Private Markets, Backed by Leading Credit Investors

Jan 6, 2026, 6:00 AM EST - 7 weeks ago

Pluto Launches an AI-Powered Lending Platform to Unlock Liquidity in Private Markets, Backed by Leading Credit Investors

HLNE

Nickv27
Nickv27 Feb. 25 at 5:09 PM
$APO https://finance.yahoo.com/news/apollo-global-management-apo-attractive-141340438.html
0 · Reply
DomLuminous
DomLuminous Feb. 25 at 4:03 PM
$APO After recent ER should be over 200
0 · Reply
Jstr22
Jstr22 Feb. 25 at 3:37 PM
$APO
0 · Reply
JLInvest
JLInvest Feb. 25 at 1:50 PM
$SPY $QQQ More welfare systems being proposed by the government. 1k match for those without employer sponsored 401ks. I'd rather the government increase caps in IRA's and other self directed options than creating a bigger pool of 401k investors. In the background Private Equity firms are aggressively lobbying the government to gain access to 401k plans. $OWL $BLK $APO 401k add friction with all sorts of fees. This is why Private Equity funds want in. 401ks were designed by Wall Street.
0 · Reply
Copperheads
Copperheads Feb. 24 at 9:32 PM
$APO $BX $CRWV $JPM $OWL oh he is full of shit he posted the same bullshit about bitcoin years back stated it was a pet rock and a Ponzi scheme. How that work out for him, these clowns should just keep their fat mouths shut no one fucking cares about their opinions. We live in the trenches daily buying and selling stocks these clowns just sit in their luxurious offices and collect their millions in salaries. Idiots all of them.
1 · Reply
topstockalerts
topstockalerts Feb. 24 at 8:57 PM
JPMorgan Chase CEO Jamie Dimon warned that “dumb stuff” reminiscent of the 2008 financial crisis may be resurfacing—this time in the $3 trillion private-credit market. He cautioned that credit cycles often bring surprises and said his “anxiety is high,” particularly as opaque lending grows outside traditional banks. Private-credit giants like Blue Owl Capital , Blackstone , and Apollo Global Management have expanded aggressively, stepping in as banks retreated from corporate lending. Much of that growth funded private-equity deals and, more recently, AI-related data center buildouts. Concerns are mounting that heavy exposure to leveraged tech and infrastructure projects—such as financing tied to CoreWeave —could strain lenders if conditions worsen. Unlike public markets, where falling stock prices quickly signal stress, private credit is illiquid and loans are often marked internally, delaying recognition of losses. $JPM $OWL $BX $APO $CRWV
0 · Reply
Bullock3000
Bullock3000 Feb. 24 at 6:49 PM
$SLV DOWN and private credit ($OWL $APO $KKR ) UP. The usual suspects are fleecing some retail pocket change today. Be frightened by real asset decline and FOMO our opaque fantasies. ROFL.
0 · Reply
DomLuminous
DomLuminous Feb. 24 at 4:49 PM
$APO Looks like the ties are getting deeper with $COIN. Coin partnered with Yahoo Finance to enable instant trading from Yahoo finance.
0 · Reply
DomLuminous
DomLuminous Feb. 24 at 2:56 PM
$APO Defending the SUB 110 level!
0 · Reply
Bullock3000
Bullock3000 Feb. 23 at 8:20 PM
$OWL P/E=174. $APO P/E=21. $OWL right now is just a pinky promise (just after breaking a key promise). The stock price is controlled by Institutional unwind algorithms. Expect today everday, or worse.
0 · Reply
PickAlpha
PickAlpha Feb. 23 at 5:44 PM
PickAlpha Midday: Private equity is still stuck in a “no exits, no cash back” loop. Bain says distributions stayed at ~14% of NAV in 2025 (near post-GFC lows) while the industry sits on ~$3.8T of unsold assets. Deal value rebounded (+$44% to ~$904B) but transactions fell (-6% to 3,018) and fundraising slid -16% to ~$395B — the 4th straight annual decline. The return bar is rising too: LPs are pushing for 20%+ net IRR, and Bain’s blunt math is “12% EBITDA growth is the new 5%” in today’s rates/multiple regime. Tickers: $BX $KKR $APO Our view is the PE model is being stress-tested by duration. If exits reopen (IPOs/strategic M&A) and distributions rise, these platforms re-rate; if “hold periods drift to 7+ years” becomes normal, fee growth slows, secondaries keep gaining share, and the market forces a lower multiple on the whole complex.
2 · Reply
DomLuminous
DomLuminous Feb. 23 at 5:31 PM
$APO 90-100 magnet coming. Its a slow moving crash. But end of day. Money will be sloshing around and this is good for APO
0 · Reply
_TP888
_TP888 Feb. 23 at 4:08 PM
$APO | $114.00 | Call | Premium: $108K Ask-heavy - aggressive call buyers. Tape got loud.
0 · Reply
Triplete10
Triplete10 Feb. 23 at 2:48 PM
$APO just sinking
0 · Reply
Jas45z
Jas45z Feb. 22 at 3:41 PM
$APO APO has recently traded at a discount compared to its historical averages and its peers. Intrinsic Value: Some valuation models, such as the Excess Returns framework, estimate APO’s intrinsic value at approximately $232, suggesting the stock could be significantly undervalued at current prices (near $120–$125). Price Pullback: The stock is currently trading about 25% below its late-2025 highs ($161), primarily due to broader risk-off sentiment in credit markets and headline noise regarding historical governance inquiries. This provides a lower entry point for long-term scaling. Aggressive 2026 Growth Guidance Apollo recently issued very optimistic guidance for the 2026 fiscal year, which acts as a strong catalyst: Fee-Related Earnings (FRE): Management projects 20%+ growth in asset management fees for 2026. Asset Inflows: The firm expects roughly $85 billion in retirement-related inflows this year alone, driven by its Athene unit.
0 · Reply
AgnesLange304
AgnesLange304 Feb. 21 at 9:03 AM
$APO Apollo Global Management operates alternative asset management. Fee-based earnings support stability. Growth driven by AUM expansion.
0 · Reply
DomLuminous
DomLuminous Feb. 21 at 12:58 AM
$OWL the issue isn’t that they are in trouble. The issue is that they will have trouble raising future funds. They had to go out and prove their loans were still good and buyers stepped in. Unfortunately many will be skeptical. $APO doesnt have this issue. They can use Athene. Permanent capital is king… and they have the lion’s share of it .
1 · Reply
topstockalerts
topstockalerts Feb. 20 at 8:55 PM
KKR executives are showing confidence by buying $35 million in company stock. Co-CEOs Joseph Bae and Scott Nuttall purchased $25.6 million this week, while board directors Matt Cohler and Timothy Barakett bought $4.5 million and $5.2 million, respectively. A KKR spokesperson said the purchases reflect the leadership team’s confidence in future performance. Alternative asset managers have struggled in 2026: KKR and Blackstone are down 21%, Ares Management -23%, and Apollo Global -17%. Concerns arose after Blue Owl Capital halted quarterly redemptions at a private-credit fund, prompting declines for private-credit-focused firms. KKR’s BDC, FS KKR Capital, is down 13% this year and 45% over the past 12 months, trading at a steep discount to portfolio asset value. $KKR $BX $ARES $APO
1 · Reply
ZacksResearch
ZacksResearch Feb. 20 at 5:45 PM
$OWL just sent a shockwave through private credit ⚠️ Its redemption halt at OBDC II jolted the $1.8T market, sparking liquidity fears and dragging down $APO, $BX, $KKR and $ARES in the fallout. When redemptions freeze and the whole space sells off, you pay attention. Get the full breakdown on what this means for private credit 👉 https://www.zacks.com/stock/news/2873051/blue-owls-redemption-shift-shakes-private-credit-industry?cid=sm-stocktwits-2-2873051-teaser-34481&ADID=SYND_STOCKTWITS_TWEET_2_2873051_TEASER_34481
0 · Reply
ZacksResearch
ZacksResearch Feb. 20 at 4:45 PM
Liquidity pressure hits $OWL — is the private credit market at risk? ⚠️ Blue Owl Capital’s decision to restrict investor withdrawals sent shockwaves through the market, triggering a 6% drop in its shares and declines in $APO, $BX, $KKR, and $ARES. The move underscores liquidity concerns in the $1.8T private credit space as redemption requests have been rising. 📉 Understand the implications for alternative asset managers here 👉 https://www.zacks.com/stock/news/2873051/blue-owls-redemption-shift-shakes-private-credit-industry?cid=sm-stocktwits-2-2873051-body-34476&ADID=SYND_STOCKTWITS_TWEET_2_2873051_BODY_34476
0 · Reply
Nosh
Nosh Feb. 20 at 12:35 PM
$APO Watching for entry but the chart says $100.
2 · Reply
PickAlpha
PickAlpha Feb. 19 at 10:02 PM
PickAlpha Midday: Bank of America is reportedly committing $25B of its own balance sheet to private credit, bringing it more directly into the ~$1.8T market and catching up with peers who’ve already formalized big allocations (e.g., JPM’s incremental $50B set-aside last year). BAC plans to originate from its capital-markets division and has named dedicated leadership for structuring/underwriting and private-credit coverage. (http://bloomberg.com) Tickers: $BAC $ARES $APO Our view is this is the banks admitting private credit is now a core profit pool - but it’s also where “hidden duration + underwriting discipline” gets tested. If defaults stay contained and structures hold, this is ROE accretive and supports the multiple; if the cycle turns, private credit becomes the next place investors demand transparency and higher loss reserves.
0 · Reply