Apollo's Rowan Warns About 'Shakeout' in Private Markets

Marc Rowan, CEO of Apollo Global Management, has issued a warning about a potential 'shakeout' in private markets, citing the impact of higher interest rates on valuations and capital availability. This signals increased scrutiny on asset quality and financial leverage within private equity and credit. Investors should prepare for potential downward pressure on certain private asset classes and a more challenging fundraising environment, favoring firms with robust balance sheets and proven operational expertise.