Apollo President Warns Private Credit Turbulence Persists as Sector Losses Deepen
APO sits 31% above its 52-week low of $99.56 on light trading volume (0.2× avg).
Summary
A Reuters analysis reveals deepening paper losses across the private credit sector, with aggregate unrealized losses reaching 2.35% of net asset value in Q1 2026, the steepest hit since Q2 2022. Apollo Global Management President Jim Zelter confirmed the ongoing challenges, stating that turbulence and redemption attempts from private credit funds are not over and may even increase. This follows Apollo's earlier move to pause withdrawals from its flagship private credit fund in March, indicating continued pressure on a significant part of the company's business.
At the time of this announcement, APO was trading at $130.90 on NYSE in the Finance sector, with a market capitalization of approximately $75.5B. The 52-week trading range was $99.56 to $157.28. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.