01:14 PM EDT, 05/30/2024 (MT Newswires) -- Apollo Global Management ( APO ) intends to expand its asset origination business and sell private credit to retail channels, including exchange-traded funds, Bloomberg News reported Thursday, citing Chief Executive Marc Rowan.

The firm is already selling credit instruments to insurers and institutional investors, according to the report.

"You will watch us do this in retail. You will watch us do this in interval funds. You will watch us do this in [exchange-traded funds]," the report quoted Rowan as saying at an industry conference.

Apollo plans to maintain distribution to individual investors through bank wealth channels and investment advisers, and aims to offer investments with 70% beta and 30% alpha, Bloomberg said.

Apollo did not immediately respond to MT Newswires' request for comment.

(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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