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Apollo's Kleinman Says PE Needs to Start Capitulating on Valuations

Key Points

Apollo Global Management Co-President Scott Kleinman discusses the outlook for the private equity industry. Speaking to Bloomberg's Dani Burger on the sidelines of the SuperReturn conference in Berlin, Kleinman says longer hold periods are hurting internal rates of return (IRRs) and “folks are going to have to start capitulating for sure” on valuations.

Apollo Global Management Co-President Scott Kleinman discusses the outlook for the private equity industry. Speaking to Bloomberg's Dani Burger on the sidelines of the SuperReturn conference in Berlin, Kleinman says longer hold periods are hurting internal rates of return (IRRs) and “folks are going to have to start capitulating for sure” on valuations. (Source: Bloomberg)
Apollo (ORG) Kleinman (ORG) PE Needs (ORG) Valuations Apollo Global Management Co- (ORG) Scott Kleinman (PERSON) Bloomberg (PERSON) Dani Burger (PERSON) SuperReturn (ORG) Berlin (LOCATION)
Originally published by Bloomberg Markets Read original →