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Bloomberg Talks
Apollo’s Jim Zelter Talks ‘Hardening’ Economy
Feb 13, 2024
Jim Zelter, Co-president of Apollo Global Management, discusses the firm's earnings and the stress pockets in the US economy. He also talks about the Fed's decisions, the competitive nature of banking and asset management, the strength of the US economy, market structure challenges, and implications for companies' capital raising and challenges in the economy.
09:03
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Quick takeaways
- Apollo Global Management's success in private credit reflects the competitiveness of the industry, with a symbiotic relationship between large institutions and firms like Apollo.
- Apollo emphasizes the breadth of private credit beyond sponsor buyout business, highlighting their competitive advantage in areas like aircraft finance, solar finance, and inventory finance.
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