Apollo Expands Daily Pricing to All Credit Assets, Advancing Transparency in Private Credit

Asset-level pricing for applicable funds is expected on October 30, 2026, extending the information available to investors.

Rhea-AI Summary

Apollo (NYSE: APO) has expanded Daily Pricing information to additional investors across its credit business, extending coverage beyond investment-grade products. The initiative now covers various direct lending, asset-backed finance, multi-credit and opportunistic credit vehicles across its $850 billion credit business. Asset-level pricing for applicable funds is expected to become available on October 30, 2026.

The expansion follows the July 1, 2026 launch for its Fixed Income Replacement product suite. Complementary initiatives include a partnership with Intercontinental Exchange that has created over 5,000 asset identifiers and a secondary trading desk that has facilitated over $30 billion in trading volume to date. Daily Pricing is an estimated fair value, not a market-clearing price or definitive valuation.

5 points · 0 major

PositiveiHow this balance works

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0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointDaily Pricing coverage expanded to additional investors across Apollo’s $850 billion credit business.
• Minor point. Forward-looking: it has not happened yet and may not happen.Asset-level pricing for applicable funds is expected to become available October 30, 2026.
• Minor pointOver $30 billion in trading volume facilitated to date by the secondary desk launched in 2024.
• Minor pointOver 5,000 ICE IDs created through the private credit data initiative with Intercontinental Exchange.
• Minor point. Forward-looking: it has not happened yet and may not happen.ICE IDs will support standardized reference data, analytics and independent private-asset pricing over time.

Negative

• Minor pointDaily Pricing estimates use Apollo’s internal methodology and are not market-clearing prices or definitive valuations.
• Minor pointDaily Pricing is informational only, not intended as a basis for investment decisions or transactions.

Key Figures

Credit business: $850 billion Asset-level pricing availability: October 30, 2026 ICE IDs created: Over 5,000 +1 more

Credit business

$850 billion

Apollo's credit business across which Daily Pricing was expanded

Asset-level pricing availability

October 30, 2026

Expected start for applicable funds

ICE IDs created

Over 5,000

Apollo's private credit data-standardization initiative to date

Secondary trading volume

Over $30 billion

Volume facilitated by Apollo's dedicated secondary trading desk to date

Key Terms

asset-backed finance, fair value, market-clearing price

3 terms

asset-backed finance financial

"extended the initiative across various direct lending, asset-backed finance"

A method of raising money where a borrower or issuer uses specific assets—such as loans, receivables, property, or equipment—as collateral so lenders or investors are repaid from the cash those assets produce. Think of it like lending against a car or renting out a building: the asset’s income or resale value backs the financing. Investors care because the quality and performance of those underlying assets determine the risk, expected return and how quickly they can get paid back.

fair value financial

"Daily Pricing refers to an estimated fair value for a fund"

Fair value is an estimate of what an asset or company is really worth today, derived from expected future earnings, comparable market prices and other relevant facts—like agreeing a price for a used car after checking mileage, condition and similar listings. Investors use fair value to decide whether a stock looks overpriced or undervalued, which helps guide buy, hold or sell decisions and sets expectations for potential returns and risk.

View in glossary

market-clearing price financial

"Daily Pricing is not a market-clearing price"

The market-clearing price is the price at which the quantity of an asset or good that sellers are willing to sell exactly equals the quantity buyers are willing to buy, so there is neither excess supply nor excess demand. In trading venues or auctions it is the price at which orders match and transactions execute; in continuous markets the observed market-clearing price can move as offers and bids change, and in some discrete or illiquid markets there may be no single exact clearing price.

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Builds on July 1 Launch for Investment-Grade Fixed Income Replacement Product Suite, Complements Data Standardization and Secondary Trading Initiatives

NEW YORK, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that it has begun providing Daily Pricing information to additional investors across its $850 billion credit business, marking another step in the firm’s broader efforts to build a more transparent private credit market. Apollo launched Daily Pricing for investors in its investment-grade Fixed Income Replacement product suite on July 1, 2026, and has now extended the initiative across various direct lending, asset-backed finance, multi-credit and opportunistic credit vehicles. Asset-level pricing for applicable funds is expected to be made available to investors beginning on October 30, 2026.

The initiative reflects the continued evolution of private credit toward the pricing, data and market making infrastructure familiar in other established credit markets. More frequent pricing, standardized asset-level information and secondary trading are complementary parts of that development, designed to help investors evaluate and manage private credit alongside their public market investments.

John Zito, Co-President of Apollo Asset Management, said, “As public and private markets continue to converge, investors increasingly expect a more consistent experience across their portfolios. That requires more timely pricing information, standardized data and the infrastructure to support more efficient market making. Daily pricing is another step in that evolution. Together with our broader efforts, it is designed to give investors greater visibility into their holdings and support their ability to participate in private markets with confidence. We believe greater transparency supports a better experience for all market participants and the broader financial system.”

The expansion complements Apollo’s other initiatives to strengthen private market infrastructure. In March 2026, Apollo partnered with Intercontinental Exchange to launch ICE Private Credit Intelligence, which has introduced unique asset identifiers, ICE IDs. The ICE IDs will be leveraged to offer standardized reference data sets, as well as analytics and independent pricing on private assets over time. To date, over 5,000 ICE IDs have been created. Apollo’s dedicated secondary trading desk, launched in 2024, has also facilitated over $30 billion of trading volume to date with a growing number of partners, demonstrating how price discovery can support the continued evolution of private markets.

Together, these initiatives are intended to support greater transparency, broader participation and modern product structures as private credit becomes a more established component of investor portfolios.

Daily Pricing is available to investors through Apollo’s investor portal. Where information relates to a registered fund, it is published through the channels applicable to that vehicle.

Daily Pricing refers to an estimated fair value for a fund, portfolio, asset, security or other investment position, calculated as of a specified date. Daily Pricing is not a market-clearing price and is based on Apollo’s internal pricing methodology and benchmarked to relevant public market data. Daily Pricing is provided solely for informational and transparency purposes and is not intended to constitute a definitive valuation or to serve as a basis for any investment decision, subscription, redemption, transaction or other action.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2026, Apollo had approximately $1.05 trillion of assets under management. To learn more, please visit www.apollo.com.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Which credit investments does Apollo’s Daily Pricing expansion cover?

Apollo has extended Daily Pricing across various direct lending, asset-backed finance, multi-credit and opportunistic credit vehicles. This expands the initiative beyond the investment-grade Fixed Income Replacement product suite, for which Daily Pricing launched on July 1, 2026.

When will Apollo make asset-level pricing available to investors?

Asset-level pricing for applicable funds is expected to become available to investors beginning October 30, 2026.

How does Apollo calculate Daily Pricing, and can investors use it for transactions?

Daily Pricing estimates fair value as of a specified date using Apollo’s internal pricing methodology, benchmarked to relevant public market data. It can relate to a fund, portfolio, asset, security or other investment position. It is not a market-clearing price or definitive valuation and is not intended as a basis for investment decisions, subscriptions, redemptions or transactions.