Apollo Global Management's (APO) Zito said the turmoil facing private credit could endure well into next year, but downplayed the idea that the wave of withdrawals in some funds are a problem

Apollo Global Management's (APO) Zito said the turmoil facing private credit could endure well into next year, but downplayed the idea that the wave of withdrawals in some funds are a problem.

Apollo Global Management's Zito suggests the ongoing turmoil in private credit may last into next year. However, he downplays concerns regarding withdrawals from some funds, indicating that while challenges exist, they may not lead to significant systemic issues. This perspective could provide a measure of stability to market sentiment around private credit investments moving forward.