Apollo’s Zito Sees Private Credit Pain Lasting Up to 18 Months

Apollo Global Management Inc.’s John Zito said the turmoil facing private credit could endure well into next year, but downplayed the idea that the wave of withdrawals in some funds are a problem.

The next 12 to 18 months will probably be more difficult, the co-president of Apollo’s asset management arm said Wednesday at the Bloomberg Invest conference in New York.