Key Takeaways
- • Apollo Global Management CEO Marc Rowan told delegates at the HKMA's Global Financial Leaders' Investment Summit on Tuesday that the assumption that private markets are less transparent is "just false."
- • Rowan called on regulators and the public to "update" their perception of private markets risk, according to PEI Private Equity.
- • The remarks were delivered at a Hong Kong Monetary Authority event, positioning private markets transparency as a policy and perception issue for regulators.
Summary
Apollo Global Management chief executive Marc Rowan has urged regulators and the public to revise their view of risk in private markets, arguing that the widely held assumption that private means less transparent is "just false," according to PEI Private Equity. Rowan made the remarks on Tuesday at the Hong Kong Monetary Authority's (HKMA) Global Financial Leaders' Investment Summit, as reported by PEI reporter Katrina Lau on 19 November 2024.
The comments address a long-running debate among policymakers and investors over the opacity of private capital, including private equity, private credit and other alternative strategies that do not trade on public exchanges. Rowan's position frames transparency concerns as a matter of perception that has not kept pace with current market practice, rather than a structural shortcoming of the asset class.
The primary source is a short news report and does not include additional figures, fund data or specific regulatory proposals from the speech. Readers seeking detail on Apollo's reporting practices or any policy responses should consult the full transcript or subsequent coverage of the summit.
The comments address a long-running debate among policymakers and investors over the opacity of private capital, including private equity, private credit and other alternative strategies that do not trade on public exchanges. Rowan's position frames transparency concerns as a matter of perception that has not kept pace with current market practice, rather than a structural shortcoming of the asset class.
The primary source is a short news report and does not include additional figures, fund data or specific regulatory proposals from the speech. Readers seeking detail on Apollo's reporting practices or any policy responses should consult the full transcript or subsequent coverage of the summit.
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