LONDON, Oct 29 (Reuters) - Apollo Global Management ( APO )

, Blackstone and Ares Management ( ARES ) had no

exposure to U.S. companies First Brands and Tricolor at the time

of their bankrupcies, executives said on Wednesday, blaming

misinformation for linking private credit to their collapse.

"There has been a lot of misinformation on this credit,"

Daniel Leiter, a senior managing director at Blackstone, told UK

lawkmakers during a hearing into the rise of private markets and

their financing of businesses.

Apollo's Tristram Leach said bank lending was

"predominantly" the source of funding for U.S. auto parts

supplier First Brands and car dealership Tricolor.

The collapse of the two companies has rattled debt markets

and focused scrutiny on private credit, a fast-growing market

where companies have borrowed heavily from non-banks in recent

years.

Several banks including Jefferies have reported exposure to

First Brands.