Apollo CEO Marc Rowan predicts a private markets 'shakeout'

Marc Rowan PATRICK T. FALLON/AFP via Getty Images Apollo chief Marc Rowan said that he expects a "shakeout" in private markets. Global instability and technological change will separate a "good risk manager" from the rest, he said. The comments come amid growing concern over risks in private credit investments. Even one of private credit's biggest proponents is warning of a potential industry "shakeout." Marc Rowan, CEO of private credit giant Apollo Global Management, told Bloomberg News e...