Apollo PE Co-Head Sees the End of ‘Low-Quality’ Returns

Private equity is entering a phase that’s exposing which firms “truly delivered” and which simply benefited from a long period of ultra-low interest rates, according to Apollo Global Management Inc.’s David Sambur.

For a decade and a half, historically low or near-zero interest rates spurred firms to chase any deal with growth potential, Apollo’s co-head of private equity said in an interview at the firm’s New York headquarters.