Apollo Likens Risky Private Credit to Mere ‘Sprinkle’ on Cupcake


In a LinkedIn post this week that featured a photo of a cupcake with pale pink icing and sprinkles, the asset manager lays out that private credit is a $40 trillion universe, and said 95% of it is investment grade. The rest of the market, the post reads, is as “big as just one sprinkle on a cupcake.” 



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