Apollo Restructures to Emphasize Private Credit Growth Amid Financial Challenges.

Apollo Global Management is restructuring its lending unit to focus on private credit, moving away from traditional buyout division. The firm is one of the largest alternative asset managers globally, with a significant presence in private credit, real estate, and private equity. Despite recent strategic shifts, Apollo faces financial challenges, including a low Altman Z-Score and insider selling activity. The company's P/E ratio is above its historical median, suggesting overvaluation.