Apollo Asset Management

“The ultimate performance through the next cycle is going to be more determined based on the quality of the underwriting than was this a private credit fund or a public credit fund?”

“The hardest type would be for one PE firm to go buy another PE firm. There is more dis synergies than there's actual synergies and something like that.”

“We are constantly trading the last percent of upside for downside protection across every asset class that we invest in.”

“Our private equity portfolio is more defensive than most of our competitors. Our credit portfolio is for sure much higher rated, much less leverage, much less portfolio leverage. Our private lending portfolio has a fraction of the pick loans or other aggressiv…”

“We don't think it's a great product. So we have decided not to bring a semi-liquid private equity product. We have a variety of semi-liquid other products, but for private equity, we've made the decision, this isn't the right Product.”