Apollo’s Kleinman Sees Buyout Deal Slump Into Late 2023
- Scott Kleinman spoke at a Bank of America conference
- Apollo is raising $25 billion for its next PE flagship fund
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The slowdown in private equity deal flow will last until late next year at the earliest, according to Scott Kleinman, co-president at Apollo Global Management Inc.
With the US economy about to enter recession and at least another 150 basis points of rate hikes from the Federal Reserve, private equity transactions will remain suppressed, Kleinman said at a Bank of America Corp. conference on Wednesday.