Private-Credit Earnings Ease Investor Concern Over Asset Class’s Health

Published 4 days ago Positive
Private-Credit Earnings Ease Investor Concern Over Asset Class’s Health
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Shares of Apollo Global Management rose around 5% on Tuesday after the private-markets giant reported better-than-expected third-quarter earnings. A day earlier, another firm, Ares Management also reported earnings that beat Wall Street expectations, sending its shares up more than 4% that day. The market reaction suggested that investor concern had diminished in the nearly two weeks since Blackstone reported earnings and private-credit fears weighed on its shares.

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