Apollo CEO Rowan Calls Private Credit Lenders Who Can't Meet 5% Redemptions 'Idiots'

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Apr 17

• Where is APO stock headed? "I'll say it frankly, you're an idiot. This is not that hard to do," Rowan said to CNBC's Sara Eisen. Rowan's remarks came as he argued that parts of the software market ...

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This is not that hard to do,\" Rowan said to CNBC's Sara Eisen. Rowan's remarks came as he argued that parts of the software market ...</p>\n\n<a href=\"https://www.benzinga.com/markets/private-markets/26/04/51874618/apollo-ceo-rowan-calls-private-credit-lenders-who-cant-meet-5-redemptions-idiots\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apollo CEO Rowan Calls Private Credit Lenders Who Can't Meet 5% Redemptions 'Idiots'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApollo CEO Rowan Calls Private Credit Lenders Who Can't Meet 5% Redemptions 'Idiots'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-17 06:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/private-markets/26/04/51874618/apollo-ceo-rowan-calls-private-credit-lenders-who-cant-meet-5-redemptions-idiots><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>• Where is APO stock headed?\n\"I'll say it frankly, you're an idiot. This is not that hard to do,\" Rowan said to CNBC's Sara Eisen. Rowan's remarks came as he argued that parts of the software market ...</p>\n\n<a href=\"https://www.benzinga.com/markets/private-markets/26/04/51874618/apollo-ceo-rowan-calls-private-credit-lenders-who-cant-meet-5-redemptions-idiots\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.benzinga.com/markets/private-markets/26/04/51874618/apollo-ceo-rowan-calls-private-credit-lenders-who-cant-meet-5-redemptions-idiots","article_id":"2628244032","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/04/16/Konskie--Poland---November-15--2024-Apol.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/private-markets/26/04/51874618/apollo-ceo-rowan-calls-private-credit-lenders-who-cant-meet-5-redemptions-idiots","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2628244032","pubTimestamp":1776376800,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Apollo Global CEO Mark Rowan calls private credit lenders who can't meet 5% redemptions \"idiots\" during CNBC's Invest In America Forum.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","BK4585":"ETF&股票定投概念","VGT":"信息技术ETF-Vanguard","IGM":"iShares Expanded Tech Sector ETF"},"translate_title":"Apollo首席执行官罗温·评级(Rowan Miller)无法满足5%赎回的私人信贷机构是“白痴”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VGT":0.87,"IGM":0.77},"content_text":"• Where is APO stock headed?\n\"I'll say it frankly, you're an idiot. This is not that hard to do,\" Rowan said to CNBC's Sara Eisen. Rowan's remarks came as he argued that parts of the software market have been mispriced, while stressing that risk in private credit is not evenly distributed. \nInvestors have been watching the private credit space closely amid worries that software-linked loans could be vulnerable if artificial intelligence reshapes business models faster than expected.\nLast month, Apollo received redemption requests in its Apollo Debt Solutions BDC fund, equal to approximately 11.2%, or $750 million under the quarterly limit. \nThe private credit market is estimated at about $40 trillion, with roughly $2 trillion tied to leveraged direct lending, the segment driving most of the current concerns, according to Rowan.\nWhile spreads have widened, he noted that in many industries this shift will likely attract institutional investors, eventually bringing spreads back toward typical levels. \nHowever, he cautioned that enterprise software may be an exception, as ongoing risks tied to technological disruption, valuation shifts and AI-driven default pressures could persist.\nRowan also aimed at investors who, in his view, failed to understand what they owned as concerns rose about enterprise software exposure in private credit. \n\"We have a situation where investors do not actually know what they own. Maybe they should have known. If you discovered eight weeks ago that enterprise software was vulnerable to AI, you kinda weren't doing your job. This is knowable,\" Rowan said.\nApproximately 12% of Apollo's loan book is tied to software, making it the largest single sector exposure inside that portfolio. Rowan noted that Apollo's scale makes the dollar amount manageable, pointing to the firm's broader credit footprint and retail assets.\nImage by Piotr Swat via Shutterstock\nThis content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}