Business•Finance•Mar 16
Apollo's John Zito questions private equity's software valuations: 'All the marks are wrong'
Apollo's John Zito had a blunt assessment of how private equity firms are valuing their software holdings as shares of comparable public tech companies have plunged: They're not, he said. Retail investors have pulled about $10 billion from private credit funds in the first quarter, according to analysis by the Financial Times. Zito also said that private credit lenders, and by extension the investors backing the loans, could see deep losses in the coming years.
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