Apollo will provide investors daily valuations for its private-credit funds by September, ending the quarterly reporting standard that has defined private markets. The investment giant revealed this plan after reporting first-quarter results, responding to growing concerns about transparency in an opaque lending sector.

Most private investment funds currently update investors quarterly on asset values, unlike public markets that offer real-time pricing. CEO Marc Rowan described this move as "the beginning of standardization across this marketplace", indicating Apollo recognizes the need for greater transparency amid investor unease about valuations.

The decision comes as private-credit funds face record redemption requests from worried investors. Concerns center on potential defaults among highly levered companies and exposure to software firms vulnerable to AI disruption. Apollo's shift to daily pricing could set industry standards and pressure competitors to follow.