Bloomberg Talks Apollo Global Management President Jim Zelter Talks Asset Management
Jan 8, 2026
Jim Zelter, President of Apollo Global Management, shares his insights on asset management and macroeconomic challenges. He explains Apollo's disciplined investment strategies and discusses recent $6 billion transactions aimed at large companies with downside protections. Zelter also addresses geopolitical risks, U.S. economic resilience, and the evolving landscape of credit markets. He highlights the shift toward private credit, strategic land-banking initiatives, and the booming AI sector's funding needs, revealing the complexities of the current financial environment.
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Focus On Developed Market Opportunities
- Apollo targets G7 and developed markets like Europe, Japan, and Australia, not emerging markets.
- Zelter sees large public-sector capital needs in Europe and opportunities in retirement and industrial renaissances.
Bond Issuance Is Massive And Durable
- Record bond issuance reflects heavy net supply and strong demand for long-duration yield.
- Zelter cites $800bn–$1tn net issuance and pension demand as drivers of the market's size.
Cheap Oil Acts As Deflationary Tailwind
- Low oil prices are deflationary and supportive of growth, balancing other risks.
- Zelter notes WTI near $56–57 is positive for economic growth and credit markets.