Apollo's Zelter on Atlas Air Deal, Second-Quarter, Credit

The transcript discusses Apollo's investment strategies, focusing on their approach to navigating challenging market conditions. It highlights their success in capital formation and deployment, particularly in private credit markets. The conversation also touches on the differences between private and public markets, the impact of market dynamics on credit, and Apollo's future outlook, including their involvement in significant transactions like New Fortress Energy.

What is the primary focus of Apollo's recent acquisition discussed in the transcript?

• Real estate investments

• Cargo business of Atlas Air

• Passenger airline services

• Technology startups

How does Apollo view the current market environment according to the transcript?

• As a period of high risk with no opportunities

• As a stable and predictable market

• As an opportunity to leverage their skills

• As a time to pause investments

What is a significant challenge in the current financing market as mentioned in the transcript?

• Lack of investor interest

• Excessive government regulations

• Difficulty in securing new financing commitments

• High availability of new financing commitments

How does Apollo differentiate between a rally in credit and an open financing market?

• A rally is irrelevant to market conditions

• A rally does not mean the market is open

• A rally indicates a thriving market

• They see them as the same

What is Apollo's perspective on the recent rally in credit markets?

• It is a sign of market stability

• It is on the richer side of fair value

• It is a temporary fluctuation with no impact

• It indicates a deep recession

What does Apollo believe about the potential for a recession in 2023?

• It will not occur at all

• It will be a different kind of recession

• It will be a typical recession

• It will be a deep historical recession

What was Apollo's stance on potentially financing Elon Musk's Twitter bid?

• They considered it but decided against it

• They were open to the idea

• They were not interested at all

• They had already committed to financing