Apollo pledges daily pricing as assets top 1 trillion
Apollo Global Management reported first quarter adjusted net income of 1.94 dollars per share and reached a record 1.03 trillion dollars in assets. The firm plans to introduce daily pricing for credit funds by September to increase transparency for new investors.
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APOLLO GLOBAL MANAGEMENT INC will provide daily pricing for its credit funds by late September as total assets reached $1.03 trillion. This shift from traditional quarterly valuations follows a 30% rise in earnings from asset management and transaction fees. Daily transparency aims to reassure retail investors and align private credit valuations with public market volatility.
