Key Takeaways
- • Bloomberg's "Watch Gross: Private Credit Remains Attractive" could not be retrieved in full, so the available evidence is limited to a headline and related Apollo commentary on multi-asset credit (MAC) published in late 2026.
- • Apollo Partner and Head of Fixed Income Replacement Brian Weinstein argues that MAC has expanded from public high yield bonds, leveraged loans and emerging market debt to include public and private corporate credit and asset-backed finance (ABF).
- • Apollo states that pairwise correlations among high yield, leveraged loans and emerging market debt have been roughly 0.8 over the past decade, so sector labels alone provide limited diversification.
- • Apollo says private credit can offer a yield uplift and stronger creditor protections, including collateral, maintenance covenants and negotiated information rights, though these claims are the firm's own view.
Summary
Bloomberg's Watch segment carries the headline "Watch Gross: Private Credit Remains Attractive," which, based on the title, presents a view on private credit from Bill Gross. The full article could not be retrieved, so no direct quotes, figures or additional context from the broadcast are available.
Related commentary from Apollo, published in the weeks before the story date, provides the most relevant supporting context. In an article dated November 11, 2026, Brian Weinstein, Apollo Partner and Head of Fixed Income Replacement, argues that multi-asset credit strategies are moving beyond traditional allocations to high yield bonds, leveraged loans and emerging market debt. According to Apollo, the strategy now spans public and private corporate credit and asset-backed finance, with issuers increasingly financing across public unsecured bonds, private placements and bespoke ABF structures at meaningfully different costs of capital.
Apollo contends that traditional sector-based allocations remain exposed to common risk drivers. The firm cites an approximate 0.8 pairwise correlation over the past decade among high yield bonds, leveraged loans and emerging market debt. It argues that private credit can add excess return through privately negotiated terms, and that collateral backing, maintenance covenants and intervention rights may help limit downside risk. These are Apollo's positions and have not been independently verified here.
The source material does not indicate whether the Bloomberg segment addressed the same themes. Readers should treat the Apollo analysis as the firm's perspective and consult the original Bloomberg piece for Gross's specific remarks.
Related commentary from Apollo, published in the weeks before the story date, provides the most relevant supporting context. In an article dated November 11, 2026, Brian Weinstein, Apollo Partner and Head of Fixed Income Replacement, argues that multi-asset credit strategies are moving beyond traditional allocations to high yield bonds, leveraged loans and emerging market debt. According to Apollo, the strategy now spans public and private corporate credit and asset-backed finance, with issuers increasingly financing across public unsecured bonds, private placements and bespoke ABF structures at meaningfully different costs of capital.
Apollo contends that traditional sector-based allocations remain exposed to common risk drivers. The firm cites an approximate 0.8 pairwise correlation over the past decade among high yield bonds, leveraged loans and emerging market debt. It argues that private credit can add excess return through privately negotiated terms, and that collateral backing, maintenance covenants and intervention rights may help limit downside risk. These are Apollo's positions and have not been independently verified here.
The source material does not indicate whether the Bloomberg segment addressed the same themes. Readers should treat the Apollo analysis as the firm's perspective and consult the original Bloomberg piece for Gross's specific remarks.
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