(HedgeCo.Net) Apollo Global Management’s reported talks to sell MidCap Financial Investment Corp., a publicly listed private-credit business development company valued with its portfolio at roughly $3 billion, are more than a single-asset transaction story. They are a signal that private-credit giants are increasingly using the secondary market not merely as an exit channel, but as a strategic balance-sheet, liquidity and portfolio-management tool.
For years, the private-markets industry has...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.