Apollo extends daily pricing across $850bn credit platform as private credit transparency push gathers pace

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.

阿波罗已开始在其全部8500亿美元信贷业务中向投资者提供每日定价，将其今年7月首次推出的投资级产品计划扩展至全业务范围。自10月30日起，相关基金的投资者将能够查看单个资产层级的定价。此次扩展完成了阿波罗今年一直在推进的时间表。当该公司在3月宣布与洲际交易所（Intercontinental Exchange）建立合作伙伴关系时，表示正开始向其信贷业务更频繁的定价方向迈进。随后，该公司于7月1日推出了投资级固定收益替代产品系列的每日定价，直至今日将其扩展至收益更高的策略。随着公开市场与私募市场持续趋同，投资者越来越期望在其投资组合中获得更一致的体验。这需要更及时的定价信息、标准化数据以及支持更高效做市的基础设施，阿波罗资产管理公司联合总裁约翰·齐托（John Zito）表示。我们相信更大的透明度将为所有市场参与者和更广泛的金融体系带来更好的体验。每日定价是阿波罗战略的三大支柱之一。第二项是标准化数据。今年3月，阿波罗成为ICE私募信贷情报（ICE Private Credit Intelligence）的锚定合作伙伴，该计划旨在构建与公开信贷市场相镜像的私募信贷数据基础设施。第三项是流动性。阿波罗于2024年推出的专门二级交易台已促进超过300亿美元的交易量，合作伙伴群体日益壮大。据阿波罗称，该活动表明价格发现如何支持私募市场的持续发展。关键实体：公司：阿波罗、洲际交易所、ICE私募信贷情报、 Partners Group | 人物：约翰·齐托、埃里克·尼德尔曼