Apollo CEO Marc Rowan predicts a private markets 'shakeout'

Marc Rowan

PATRICK T. FALLON/AFP via Getty Images

• Apollo chief Marc Rowan said that he expects a "shakeout" in private markets.
• Global instability and technological change will separate a "good risk manager" from the rest, he said.
• The comments come amid growing concern over risks in private credit investments.

Even one of private credit's biggest proponents is warning of a potential industry "shakeout."

Marc Rowan, CEO of private credit giant Apollo Global Management...