Bret Leas

Bret Leas, co-head of asset-backed finance at Apollo Global Management, shares insights on the dynamic world of private credit. He foresees the market exceeding $40 trillion, spotlighting Europe as a significant opportunity due to its underinvested insurance and narrow banking systems. Leas emphasizes the importance of diligence, warning against rising leverage and weak documentation in both private and public markets. He also discusses the growing war for talent and the innovative uses of asset-based finance that keep emerging in today’s economy.

Bret Leas, Co-Head of Asset-Backed Finance at Apollo, dives into the booming asset-backed finance market. He reveals how this $20 trillion sector thrives even amidst economic challenges, driven by cash-flowing assets. The discussion highlights the surge of activity in 2025, fueled by regulatory shifts and companies shedding assets. Leas emphasizes the importance of discipline for investors and the increasing accessibility of these investments. He also shares personal tidbits, including book recommendations and his passion for Penn State football.