Bloomberg Talks Apollo Global Management President Jim Zelter Talks Investment Grade Private Credit
Jun 4, 2025
Jim Zelter, President of Apollo Global Management, sheds light on the burgeoning investment grade private credit market. He emphasizes that three-quarters of Apollo's assets are in this area, highlighting the immense opportunities it presents. The discussion delves into the evolving landscape of private credit, including risks tied to over-optimism and economic dynamics. Zelter also touches on the attractiveness of European investments and the need for investors to adopt a cautious yet optimistic approach as market conditions shift.
AI Snips
Chapters
Transcript
Episode notes
Europe's Private Credit Boom
- Europe is currently a thriving hub for private credit investments, driven by strong local and international investor interest.
- National champions and industries are leveraging new capital tools to boost global competitiveness in Europe.
Germany Drives European Growth
- Germany, with its large economy, leads Europe's growth ambitions by aiming to grow from $4 trillion to $6 trillion in 10-12 years.
- Apollo plans to deploy over $100 billion in investment-grade financing to support this growth and broader European enthusiasm.
Navigating Private Credit Risks
- The private credit market has grown significantly but needs careful risk differentiation across sectors and credit types.
- Attention is necessary to avoid overexposure to risky industries like healthcare reimbursement and shifting tech in enterprise software.