Apollo President Highlights Small BDC Credit Segment and Robust IPO Pipeline
APO•Apollo Global Management President Jim Zelter told the Milken conference that Business Development Companies’ private credit issues make up only a small segment of a vast private capital market. He added that a strong IPO pipeline has diminished companies’ need to go public for funding over the past five years.
1. Private Credit Concentration in BDCs
Apollo Global Management President Jim Zelter highlighted that business development companies’ private credit issues represent only a small slice of the broader private capital market, stressing that concerns focused on this niche miss the bigger picture of capital depth and diversity.
2. Growing IPO Pipeline Shifts Funding
Zelter noted that a substantial pipeline of upcoming IPOs over the past five years has diminished companies’ reliance on public listings for funding, illustrating how private capital alternatives have reshaped corporate financing strategies.
