Marc Rowan Denies Systemic Risk in Private Credit Holdings

Apollo Global Management CEO Marc Rowan rejects concerns about private assets in retirement and insurance portfolios, citing that most private credit is investment-grade and lenders have direct access to borrowers. Rowan points out that Apollo's exchange-traded private credit fund provides daily price updates and the firm has traded $6 billion in its investment-grade private credit business. He argues that concerns about private credit are overblown and driven by hysteria.