Apollo Global Management plans to offer daily pricing on its private credit funds by September. The move aims to provide investors with greater transparency and liquidity in an asset class traditionally known for opaque valuations.
The firm expects to begin daily net asset value calculations for its direct lending strategies. This marks a significant shift in the private credit market, where fund prices have typically been reported on a monthly or quarterly basis.
Investors have long pushed for more frequent valuations in private credit. Daily pricing allows them to better track performance and manage portfolio risk in real time.
Apollo’s decision comes amid growing regulatory scrutiny of private credit markets. U.S. regulators have raised concerns about valuation practices and systemic risk in the rapidly expanding $1.7 trillion industry.
The daily pricing initiative will initially apply to Apollo’s open-ended private credit funds. The company plans to expand the practice to other vehicles over time, according to people familiar with the matter.
Other major private credit managers may face pressure to follow Apollo’s lead. Daily pricing could become a competitive differentiator as institutions demand more frequent data from their alternative asset managers.
The move also reflects broader technology advancements in portfolio analytics. Apollo has invested in systems capable of processing and distributing daily valuation data across its large loan portfolio.
Industry experts note that daily pricing may increase operational costs for fund managers. However, advocates argue that improved transparency could attract more capital from pension funds and insurers seeking private credit exposure.
Apollo managed roughly $688 billion in assets as of March. The company has been one of the largest participants in private lending, competing with firms like Blackstone and KKR in the space.
