Apollo aims to mark private credit daily, eventually - report
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Apollo Global Management is enhancing transparency in its private credit holdings by planning to disclose net asset values (NAVs) of its credit funds monthly, with an eventual goal of daily NAVs and third-party valuations. This move comes amid increased scrutiny of private credit valuations following notable company collapses. The $1.8 trillion private credit market faces challenges in asset valuation due to infrequent transactions. Apollo's initiative may encourage similar practices among peers, aiming to alleviate investor concerns. However, Apollo's stock fell 2.1% in trading, reflecting a broader decline in private equity stocks.
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