Apollo Plans to Build the First Marketplace for Private Credit
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Apollo Global Management Inc. is seeking to build a marketplace that would allow investors to buy and sell high-grade private assets more easily, while encroaching further into terrain once dominated by the biggest Wall Street firms.
The alternative asset manager is in discussions to partner with banks, exchanges and fintech firms to deliver real-time information and intraday prices for private credit deals, according to Eric Needleman, head of Apollo Capital Solutions.