Apollo Global Management

Apollo Global Management is a prominent private equity firm. Recent news highlights its involvement in a Qatari-backed fund, Irth Capital, that made a $1.5 billion bid for Papa John's International, marking a second attempt after a previous bid alongside Apollo last year. Simultaneously, the firm is facing challenges in the broader private credit market. Concerns are rising about the future profitability of software companies (a sector they invest in), increased redemption requests from credit funds with partial liquidity, and geopolitical tensions. These issues, coupled with difficulties in selling assets, are impacting the private equity sector, including Apollo. While the CNMV (Spanish regulator) sees no immediate risks in Spain from private debt funds, the broader market uncertainty affects firms like Apollo.