01:33 PM EDT, 09/04/2024 (MT Newswires) -- Apollo Global Management ( APO ) is considering a secondary trading desk for private debt offered by a select group of lenders, Bloomberg reported Wednesday, citing sources.

The investment firm is thinking of joining other companies in the $1.7 trillion private credit market that deals in illiquid loans, the news outlet reported. However, these plans are still in the early stages, and the firm may ultimately decide against pursuing them, people familiar with the matter told Bloomberg.

An Apollo representative declined Bloomberg's comment request.

Apollo didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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