Apollo extends daily pricing across $850bn credit platform
Apollo has expanded its daily pricing initiative across its $850bn credit business, extending the information to investors in direct lending, asset-backed finance, multi-credit and opportunistic credit strategies.
Apollo has broadened its daily pricing service to encompass a $850 billion credit business, including direct lending, asset-backed finance, multi-credit and opportunistic credit strategies. This development comes after the introduction of daily pricing for Apollo's investment-grade Fixed Income Replacement products in July. Asset-level pricing for qualifying funds is anticipated to be accessible to investors on October 30th.
The company aims to enhance pricing transparency and standardize data within the private credit sector, which is rapidly evolving towards infrastructure akin to public credit markets.
John Zito, co-president of Apollo Asset Management, highlighted that investors are increasingly demanding consistency between their public and private market portfolios, encompassing more frequent pricing and standardized information. This expansion is part of a larger initiative by Apollo to build infrastructure within private markets and improve price discovery.
In March, Apollo collaborated with Intercontinental Exchange to establish ICE Private Credit Intelligence, utilizing unique ICE IDs to standardize reference data for private assets, thereby facilitating analytics and independent pricing over time. Approximately 5,000 ICE IDs have been generated to date.
Additionally, Apollo has been expanding its secondary trading capabilities. The dedicated secondary trading desk, launched in 2024, has facilitated over $30 billion in trading volume. The integration of more frequent pricing, standardized asset-level data, and secondary market activity is expected to bolster transparency and participation as private credit becomes a more significant part of institutional portfolios.
Daily pricing is available to eligible investors via Apollo's investor portal, with details on registered funds disseminated through the appropriate channels for each vehicle. These figures, estimated fair values derived from Apollo's internal pricing methodology and benchmarked against relevant public market data, serve an informational and transparency purpose and do not signify market-clearing prices or definitive valuations.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
