Apollo Global Management will implement daily pricing for its private credit funds by September 30. This initiative marks a significant shift from the industry standard of quarterly valuations.
The firm aims to increase transparency within the $1.7 trillion private credit market. This move addresses specific concerns from regulators and investors regarding market opacity.
Daily valuations will apply to Apollo’s entire credit business, including direct lending and asset-backed finance. Apollo reported that its total assets under management surpassed $1 trillion during its first-quarter earnings call.
The new pricing model may pressure competitors to adopt similar transparency standards. This shift could transform valuation practices across the entire private credit sector.