In 2026, despite events like the Iran conflict and software stock hits, the private credit market's struggles are misunderstood. Concerns about defaults due to AI impacting software firms borrowing from private credit are exaggerated. Data shows default rates are stable or declining, indicating a stable and improving economy. This disconnect creates buying opportunities in equity funds, such as the Liberty All-Star Growth Fund, which trades at a significant discount and offers a healthy dividend yield of 8.5%. Investors are advised to focus on equity funds with wide discounts rather than private credit funds themselves due to structural issues in the latter.
Citigroup downgraded Apollo Global Management's stock from Buy to Reduce due to concerns over a potential economic slowdown and a sharp drop in U.S. private credit lending. Apollo's shares are trading well below their 52-week high, reflecting caution...
Apollo Global Management has finalized the acquisitions of Emerald Holding and Questex, merging two major B2B event and media companies into a single, scaled platform. This integration aims to accelerate growth, enhance innovation, and deliver greate...
