.jpg){kind=avatar}
The alternative asset manager is in discussions to partner with banks, exchanges and fintech firms to deliver real-time information and intraday prices for private credit deals. Such a marketplace would allow Apollo to trade and syndicate the debt it originates on a bigger scale and be the first of its kind in modern-day private markets, where assets are typically held with the buyers and prices are rarely disclosed publicly.
“There’s a clear use case and demand for secondary markets to develop in these instruments, but to do so we need sophisticated partners with expertise in both private and syndicated domains,” said Brendan McCaffrey, head of capital markets and trading at TPG Angelo Gordon’s corporate-credit business.
unknownx500
More posts by Sarah Wolter
