Apollo took bearish software view with bets against corporate debt
Private capital giant shorted loans and cut exposure to sector amid concerns over threat from AI
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Investors seek protection from risk of AI debt bust
Trading in insurance-like products that protect against tech company defaults is booming
In a tough year, private credit bosses are pointing fingers
Firms like Apollo find it hard to shake narratives formed by legacy private equity and distressed debt operations
The niche debt tool at the heart of Apollo’s private credit machine
How Apollo’s in-house insurer has raised capital to fund the group’s lending, without turning to policyholders
Apollo cuts risk and stockpiles cash in preparation for market turmoil
Marc Rowan tells investors firm is positioning itself for when ‘something bad happens’
Apollo shrugs off rate fears with surge in private credit loans
Lender originated $75bn in new loans in the third quarter, up 21% on last year
The AI debt boom does not augur well for investors
The surge in investment may end up looking more like previous cycles of over-optimism and heavy capital spending