Apollo has begun providing daily pricing to investors across its entire $850bn credit business, extending a programme it first rolled out to investment-grade products in July. From 30 October, investors in applicable funds will also be able to see pricing at the level of individual assets. The expansion completes a timeline Apollo has been building towards all year. When it announced its partnership with Intercontinental Exchange in March, the firm said it was beginning to move towards more frequent pricing across its credit business. It then launched daily pricing for its investment-grade Fixed Income Replacement product suite on 1 July, before today's extension to its higher-yielding strategies.
As public and private markets continue to converge, investors increasingly expect a more consistent experience across their portfolios. That requires more timely pricing information, standardized data and the infrastructure to support more efficient market making, said John Zito, co-president of Apollo Asset Management. We believe greater transparency supports a better experience for all market participants and the broader financial system.
Daily pricing is one of three pillars in Apollo's strategy. The second is standardised data. In March, Apollo became the anchor partner for ICE Private Credit Intelligence, an initiative to build data infrastructure for private credit that mirrors the public credit markets. The third pillar is liquidity. Apollo's dedicated secondary trading desk, launched in 2024, has facilitated more than $30bn of trading volume with a growing group of partners. According to Apollo, that activity demonstrates how price discovery can support the continued development of private markets.
Source: PE Insights · Summarized by HeadlinesBriefing