The Pulse of Private Equity – 12/3/2018

Leon Black sounds the alarm


Apollo’s Leon Black made a few waves this week, warning that “the credit markets, unlike the equity markets, have gone to bubble status.” He said the amount of covenant-less debt available today is higher than it was in the run-up to the financial crisis. Bloomberg’s Lisa Abramowicz was right to point out that this isn’t Leon Black’s first warning on the topic—he said