Apollo Global Management Inc. President Jim Zelter launched a full throated defense of private credit, downplaying investor concerns and describing recent developments in the asset class as mere “growing pains.”
Apollo Global Management Inc. President Jim Zelter launched a full throated defense of private credit, downplaying investor concerns and describing recent developments in the asset class as mere “growing pains.”
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Shares of top asset managers plunged Thursday, after Blue Owl Capital Inc. said it will limit redemptions from two of its private credit funds after facing a surge in withdrawal requests.