While Wall Street figures have flagged risks in private credit, Apollo's Zito is among the first within private credit to candidly acknowledge weakness.

“I literally think all the marks are wrong,” Apollo’s John Zito said of private equity in previously unreported comments. Apollo said the comment was about software companies.

The Apollo executive warned that private credit lenders and their backing investors could experience significant losses. He said lenders to a generic small-to-medium sized software firm could recover ...

Marc Rowan is not trying to hide the private-credit pain. At Bloomberg Invest in New York on Tuesday, March 3, the Apollo Global Management CEO said the $1.8 trillion private-credit industry faces a ...

As redemptions jump and AI fears swirl, private credit giants defend their software bets.