Reported 11 months ago
Apollo Global Management Inc.'s Co-President, Scott Kleinman, warns the private equity industry about lower valuations and the challenges of adapting to reduced returns, higher borrowing costs, and economic uncertainties. Kleinman emphasizes the need to confront the new reality where fewer realizations and lower returns are expected due to the holding of aging assets. Despite the challenges, he remains optimistic about new buyout opportunities, particularly in the US, and anticipates Apollo's continued participation in deals like the recent $11 billion joint venture with Intel Corp.
Source: YAHOO