From CNBC: 2024-06-07 10:58:22

Apollo Asset Management’s co-president Scott Kleinman correctly predicted no rate cuts in 2024, benefiting from his contrarian view. Despite favorable rates, buyout deal activity is down 4% globally, leaving a $1.1 trillion dry powder within buyout funds. Kleinman welcomes higher rates, citing opportunities for value-oriented investors in the market.

Read more: Apollo’s co-president said it is one of the few private equity firms OK with higher rates