Apollo Plans to Mark Private Credit Daily, Answering Critics

Apollo Global Management Inc. is ramping up efforts to give investors more regular insight into the value of its opaque private credit holdings, just as a spate of redemption requests from such funds rattles the wider market.

The firm, which manages $938 billion, is preparing to start reporting the net asset values of its credit funds on a monthly basis, John Zito, co-president of Apollo’s asset management arm, said in an interview. Ultimately, it aims for both daily NAVs and third-party valuations over time.