Apollo Global Management: Private Equity's Biggest Bets on Software Carry the Highest Risk
Apollo Global Management's deputy head of private equity, Antoine Moufakkir, has cautioned investors about increasing divergence in returns within the private equity sector. He highlighted challenges such as extended holding periods, aggressive valuations, and a backlog of $4 trillion in unsold assets. Moufakkir noted that the average holding period for private equity assets has doubled to nearly eight years, leading to a significant backlog and pressure on general partners to return capital. AI