Apollo, KKR Executives Share a Dire Prediction About Certain Buyout Firms

Welcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at Anthony Scaramucci’s struggling real estate fund and a private-equity owned home services firm that secured a multibillion-dollar debt deal. But first, top executives at KKR and Apollo share a prediction that doesn’t bode well for some other buyout firms. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Erin Fuchs

Less than 24 hours apart, top executives at alternative asset giants KKR and Apollo made a similar dire prediction at the same staid conference: Some private equity firms simply aren’t long for this world.