Antoine Munfakh

Huge private equity software bets most at risk as investors face returns squeeze, Apollo says

Private equity investors should brace for a sharper divide in returns as the industry struggles with years of delayed exits, aggressive valuations and a $4 trillion backlog of unsold assets, Apollo's deputy global head of private equity Antoine Munfakh has warned. Speaking to CNBC at the SuperReturn International conference in Berlin, Munfakh said that the average hold time for private equity assets has doubled from a historic average of around four years to almost eight years today. That...