{"id":140341,"date":"2026-05-21T17:31:55","date_gmt":"2026-05-21T21:31:55","guid":{"rendered":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/apollo-ares-temasek-ceos-on-the-evolving-private-market-playbook-at-bloomberg-invest\/"},"modified":"2026-05-21T17:37:03","modified_gmt":"2026-05-21T21:37:03","slug":"apollo-ares-temasek-ceos-on-the-evolving-private-market-playbook-at-bloomberg-invest","status":"publish","type":[3762],"link":"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/markets\/apollo-ares-temasek-ceos-on-the-evolving-private-market-playbook-at-bloomberg-invest\/","title":{"rendered":"Apollo, Ares, Temasek CEOs on the evolving private market playbook at Bloomberg Invest"},"content":{"rendered":"<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a15647636be6'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-7\"\n    style=\"\"\n    >\n    <p><div\n    class=\"bbg-spacer bbg-spacer--lg\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p class=\"small\"><strong><span style=\"font-size: 14px; letter-spacing: 1px; color: #0062dd;\">ARTICLE<\/span><\/strong><\/p>\n\n<\/div>\n<div\n    class=\"bbg-spacer bbg-spacer--sm\"\n    >\n<\/div>    <h1 class=\"bbg-metadata bbg-metadata--title\">Apollo, Ares, Temasek CEOs on the evolving private market playbook at Bloomberg Invest<\/h1>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 50px !important\"\n    >\n<\/div>    <ul class=\"bbg-categories_list\">\n                    <li>\n                <a href=\"https:\/\/professional.content.cirrus.bloomberg.com\/professional2023\/insights\/category\/markets\/\" rel=\"category tag\">\n                    Markets\n                <\/a>\n            <\/li>\n            <\/ul>\n<\/p>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-5\"\n    style=\"\"\n    >\n    <div id=\"\" class=\"wpb_content_element bbg-single-image align-left\">\n    <figure class=\"bbg-single-image__figure\" style=\"max-width:100%\">\n                <img loading=\"lazy\" decoding=\"async\" width=\"1600\" height=\"1067\" src=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/313402060.jpg\" class=\"bbg-single-image__image attachment-full\" alt=\"\" title=\"Computer Data Tech Coaxial cables connect to a computer server unit inside a communications room at an office in London, U.K., on Monday, May 15, 2017. Photographer: Chris Ratcliffe\/Bloomberg\" srcset=\"https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/313402060.jpg 1600w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/313402060.jpg 552w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/313402060.jpg 800w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/313402060.jpg 768w, https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/10\/313402060.jpg 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/>\n        \n            <\/figure>\n<\/div>\n\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a15647643ef1'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-6 bbg-column--m-width-6\"\n    style=\"\"\n    >\n    <p>    <p class=\"bbg-metadata bbg-metadata--date\">May 21, 2026<\/p>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><strong>Bloomberg Professional Services<\/strong><\/p>\n\n<\/div>\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2 bbg-column--valign-middle bbg-column--m-width-2 bbg-column--s-padding-right-2\"\n    style=\"\"\n    >\n    <div class=\"bb-tts\"\n\tdata-selector=\"main\"\n\tdata-label=\"Speak this page\"\n\tdata-custom-play=\"Play\"\n\tdata-custom-pause=\"Pause\"\n\tdata-custom-stop=\"Stop\"\n\tdata-overlay=\"false\"\n\tdata-invert=\"false\"\n\tdata-no-time=\"false\"\n\tdata-no-button-text=\"false\"\n\tdata-one-button=\"true\"\n\tdata-one-style=\"true\"\n\tdata-hide-stop=\"true\"\n\tdata-voice=\"Gordon\"\n\tdata-pitch=\"1\"\n\tdata-speed=\"1\"\n\tdata-align=\"flex-start\"\n>\n<\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a15647646aab'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8 bbg-column--has-bg-color\"\n    style=\"background-color:#e6f3ff;border-radius: 16px 16px 16px 16px;\"\n    >\n    <div class=\"wpb_content_element bbg-card  bbg-card-custom bbg-card-text-black\" id=\"card_1\" data-card_type=\"no_image\">\n      <style>#card_1 .bbg-card__innerwrapper {background-color: #e6f3ff;}#card_1 .bbg-card__innerwrapper {\n\tborder: 1px solid #e6f3ff !important;\n\t}#card_1:hover .bbg-card__innerwrapper {\n\tborder: 1px solid #e6f3ff !important;\n\t}#card_1 .bbg-card__innerwrapper {\n\tpadding: calc(var(--brand-large-padding, 40px) - 1px) !important;\n\t}#card_1 .bbg-card__innerwrapper .bbg-card__title {\n\tcolor: #000000 !important;\n\t}#card_1 .bbg-card__innerwrapper .bbg-card__content,#card_1 .bbg-card__innerwrapper .bbg-card__content p  {\n\tcolor: #000000 !important;\n\t}#card_1.bbg-card_hasImage .bbg-card__innerwrapper{padding-top: calc(var(--brand-default-padding, 16px) - 1px);padding-left: calc(var(--brand-default-padding, 16px) - 1px);padding-right: calc(var(--brand-default-padding, 16px) - 1px);}<\/style>\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n              <div class=\"bbg-card__eyebrow\" style=\"color: #000000\">KEY TAKEAWAYS<\/div>\n      \n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25aa\" data-font=\"Noto Sans Symbols\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Noto Sans Symbols&quot;,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25aa&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Traditional economic signals matter less, with geopolitics and technology now driving a larger share of market risk.\u00a0<\/span><span data-ccp-props=\"{&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:0,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:0,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:0,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:0,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:0,&quot;469789798&quot;:&quot;nil&quot;,&quot;469789802&quot;:&quot;nil&quot;,&quot;469789806&quot;:&quot;nil&quot;,&quot;469789810&quot;:&quot;nil&quot;,&quot;469789814&quot;:&quot;nil&quot;}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25aa\" data-font=\"Noto Sans Symbols\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Noto Sans Symbols&quot;,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25aa&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">More frequent shocks are pushing private market firms to prioritize diversification and liquidity.\u00a0<\/span><span data-ccp-props=\"{&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:0,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:0,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:0,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:0,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:0,&quot;469789798&quot;:&quot;nil&quot;,&quot;469789802&quot;:&quot;nil&quot;,&quot;469789806&quot;:&quot;nil&quot;,&quot;469789810&quot;:&quot;nil&quot;,&quot;469789814&quot;:&quot;nil&quot;}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25aa\" data-font=\"Noto Sans Symbols\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Noto Sans Symbols&quot;,&quot;469769242&quot;:&#091;8226&#093;,&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25aa&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Future growth is seen to be shifting toward AI-linked sectors and individual investors.<\/span><span data-ccp-props=\"{&quot;335572071&quot;:0,&quot;335572072&quot;:0,&quot;335572073&quot;:0,&quot;335572075&quot;:0,&quot;335572076&quot;:0,&quot;335572077&quot;:0,&quot;335572079&quot;:0,&quot;335572080&quot;:0,&quot;335572081&quot;:0,&quot;335572083&quot;:0,&quot;335572084&quot;:0,&quot;335572085&quot;:0,&quot;335572087&quot;:0,&quot;335572088&quot;:0,&quot;335572089&quot;:0,&quot;469789798&quot;:&quot;nil&quot;,&quot;469789802&quot;:&quot;nil&quot;,&quot;469789806&quot;:&quot;nil&quot;,&quot;469789810&quot;:&quot;nil&quot;,&quot;469789814&quot;:&quot;nil&quot;}\">\u00a0<\/span><\/li>\n<\/ul>\n<p>\n<\/div>\n          <\/div>\n\n      <\/div>\n\n  <\/div>\n\n\n<\/div><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a15647649de0'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <p><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span style=\"font-weight: 400;\">Private market leaders are pointing to a more dynamic investing backdrop \u2014 one where traditional economic indicators remain important, but investors also have to contend with geopolitics, technological disruption and market turbulence.\u00a0<\/span><\/p>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span style=\"font-weight: 400;\">\u201cIf you look at the numbers, things are great,\u201d Marc Rowan, CEO of Apollo Global Management says at Bloomberg Invest in New York. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cEveryone has a job, capital spending is off the charts and very conducive to future employment, government policy is very accommodative, capital markets are wide open. That\u2019s normally 95% of what you need to worry about. Right now, that\u2019s only 70% of what you need to worry about. The other 30% is geopolitics, government borrowing, excesses in capital markets, technological change.\u201d\u00a0<\/span><\/p>\n\n<\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--margin-top-compact bbg-row--margin-bottom-compact bbg-row--full-bg-bleed\" data-anchor='row-6a1564764b663'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <div\n    class=\"bbg-column\"\n    style=\"\"\n    >\n    <div class=\"bbg-interstitial\" aria-label=\"interstitial\" tabindex=\"0\">\n\t<style>\n\t\t.bbg-interstitial #card_2.bbg-card_hasCta{\n\t\t\tbackground: url(https:\/\/assets.bbhub.io\/image\/v1\/resize?width=auto&amp;type=webp&amp;url=https:\/\/assets.bbhub.io\/professional\/sites\/41\/Interstitial_bg.png);\n\t\t\t\tbackground-repeat: no-repeat;\n\t\t\t\tbackground-position: center center;\n\t\t\t\tbackground-size: cover;\n\t\t\tpadding: 104px;\n\t\t\t\n\t\t\t\n\t\t}\n\t\t.bbg-interstitial #card_2.bbg-card_hasCta .bbg-card__content, .bbg-interstitial #card_2.bbg-card_hasCta .bbg-card__content p{\n\t\t\tcolor:white;\n\t\t}\n\t\t@media (max-width: 768px) {\n\t\t\t.bbg-interstitial #card_2.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 32px;\n\t\t\t}\n\t\t}\n\t\t@media (max-width: 480px) {\n\t\t\t.bbg-interstitial #card_2.bbg-card_hasCta{\n\t\t\t\tpadding: 80px 18px;\n\t\t\t}\n\t\t}\n\t<\/style>\n\t<div class=\"wpb_content_element bbg-card  bbg-card-dark bbg-card_hasCta has_interstitial\" id=\"card_2\" data-card_type=\"no_image\">\n  \n  \n  <div class=\"bbg-card__innerwrapper\">\n    <div class=\"bbg-card__content\">\n      \n      \n                      <h3 class=\"bbg-card__title\">Why choose all or nothing?<\/h3>\n      \n              <div class=\"bbg-card__wysiwyg bb-wysiwyg\"><p>Build your stack with Bloomberg's API-first, composable solutions.<\/p>\n<\/div>\n          <\/div>\n\n          \n<div\n  id=\"cta_290939471934541587\"\n  class=\"wpb_content_element bbg-cta icon icon-arrow\">\n  <style>\n    \n    \n    \n  <\/style>\n  <div\n    class=\"bbg-cta-link link-holder\"\n    data-links-type=\"cta-links\">\n    <p class=\"bbg-cta-p right\">\n      <a\n        class=\"bbg-cta-link link interstitial_cta\"\n        href=\"https:\/\/professional.bloomberg.com\/products\/trading\/execution-management-system\/trade-ems\/#automated-workflows\"\n        target=\"_blank\"\n        rel=\"\"\n        data-section-name=\"\"\n                role=\"button\"\n        aria-label=\"Learn more\"\n        >\n                <\/a>\n    <\/p>\n  <\/div>\n<\/div>\n\n      <\/div>\n\n  <\/div>\n\n<\/div>\n\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-compact row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a1564764e618'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n            <p><div\n    class=\"bbg-column bbg-column--width-2\"\n    style=\"\"\n    >\n    \n<\/div><div\n    class=\"bbg-column bbg-column--width-8\"\n    style=\"\"\n    >\n    <div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2><span class=\"TextRun SCXW18986746 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW18986746 BCX0\">Navigating the new<\/span><span class=\"NormalTextRun SCXW18986746 BCX0\">\u00a0(volatile)<\/span><span class=\"NormalTextRun SCXW18986746 BCX0\">\u00a0<\/span><span class=\"NormalTextRun SCXW18986746 BCX0\">normal<\/span><\/span><span class=\"EOP SCXW18986746 BCX0\" data-ccp-props=\"{}\">\u00a0<\/span><\/h2>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span style=\"font-weight: 400;\">To Rowan\u2019s point that drivers of volatility currently require additional consideration relative to typical economic indicators, many managers are prioritizing diversification and liquidity.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIn a world where there are more surprises, shocks come more frequently, and with disruptions like AI, it\u2019s important to have enough liquidity to be able to pivot where you put your chips in the longer term, or even to rebalance for the shorter term. There\u2019s a premium in being liquid today,\u201d says Temasek Holdings CEO Dilhan Pillay Sandrasegara.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Chief among the current catalysts of market volatility is AI disruption, particularly in the software sector. Michael Arougheti, Co-Founder and CEO of Ares Management Corporation notes that diversification is key in this environment: \u201cIf software disrupts a sector of our portfolio, then our digital infrastructure\/data center development business benefits.\u201d\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For Apollo\u2019s investors, CEO Rowan says this AI-driven software shakeout is less of a concern for their investors as it represents such a small portion of the firm\u2019s private equity and credit portfolios.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe run a broadly diversified credit book that is not concentrated in software. The problem with software is that it was 30% of the levered buyout market, therefore it was 30%\u202fof the levered lending market, and therefore it is overrepresented and subject to attack,\u201d he explains.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, Sandrasegara points out that software concerns don\u2019t necessarily apply to the entire sector: \u201cSoftware that is mission-critical and accentuates your product offerings, it\u2019s a good place to be. No matter what, we\u2019re still going to need software.\u201d<\/span><\/p>\n\n<\/div>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 32px !important\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2><span class=\"TextRun SCXW79358006 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW79358006 BCX0\">Where capital is flowing<\/span><\/span><\/h2>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span style=\"font-weight: 400;\">The rapid proliferation of AI is a prominent investment theme for large asset managers. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThe counterbalance to AI disruption is AI adoption. Companies that can adopt AI to accentuate their business models to not just withstand the shock of disruption, but actually thrive in it, that\u2019s the most important thing we look for,\u201d says Sandrasegara. He cites biotech and pharma as sectors where AI solutions will have a profound positive impact.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At Ares, \u201cwe\u2019re making investments around secular themes &#8211; digital infrastructure and digitization, realigning of global supply chains, reindustrialization of the U.S. economy &#8211; that aren\u2019t generally knocked off track by day-to-day changes,\u201d says Arougheti. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">He also notes that the firm is bullish on the sports sector. \u201cFrom an investment outcome standpoint, it\u2019s almost completely uncorrelated from anything else you can own in your portfolio.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rowan says there are two main drivers of Apollo\u2019s business: the need to produce retirement income, and an ongoing global industrial renaissance taking place among investment-grade companies. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cMost of the capital going into private companies is going toward financing the global industrial renaissance taking place around the world. A lesser amount of capital is going into the deal business, which is primarily being funded by investors or institutions who are making a decision to sell their equity portfolios to invest in credit, because they offer about the same rates of return,\u201d he says.<\/span><\/p>\n\n<\/div>\n<div\n    class=\"bbg-spacer\"\n        style=\"height: 32px !important\"\n    >\n<\/div><div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<h2><span class=\"TextRun SCXW200353556 BCX0\" lang=\"EN\" xml:lang=\"EN\" data-contrast=\"auto\"><span class=\"NormalTextRun CommentStart CommentHighlightPipeClicked CommentHighlightClicked CommentImportant SCXW200353556 BCX0\">Ret<\/span><span class=\"NormalTextRun CommentHighlightClicked CommentImportant SCXW200353556 BCX0\">ai<\/span><span class=\"NormalTextRun CommentHighlightClicked CommentImportant SCXW200353556 BCX0\">l\u00a0<\/span><span class=\"NormalTextRun CommentHighlightClicked CommentImportant SCXW200353556 BCX0\">investors\u00a0<\/span><span class=\"NormalTextRun CommentHighlightClicked CommentImportant SCXW200353556 BCX0\">as a new audience<\/span><\/span><span class=\"EOP CommentHighlightPipeClicked SCXW200353556 BCX0\" data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}\">\u00a0<\/span><\/h2>\n\n<\/div>\n<div\n\tclass=\"bb-wysiwyg\"\n\t\t>\n\t<p><span style=\"font-weight: 400;\">With more individual investors gaining access to private market investments, questions inevitably arise about the level of risk that private markets pose for retail investors. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Leaders at large asset management firms like Apollo and Ares believe their firms are well-positioned to introduce individual investors to private markets &#8211; and see a significant growth opportunity in doing so.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cNo investment offers you a free lunch; every investment offers a degree of risk,\u201d says Rowan. \u201cYou can take equity risk, you can take credit risk, you can take duration risk, you can take all sorts of risk. The question is, what\u2019s appropriate? But if you look around the world, every place that private assets have been added to public portfolios, you\u2019ve gotten better outcomes.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition, Arougheti notes that consolidation is driving growth in the private markets. \u201cUnlike in public markets, size is not the enemy of performance. It\u2019s quite the opposite, because the larger you get, the more resources you have, the more you can invest in local origination, product development, a large balance sheet, and the more relevant you are to customers and global investors,\u201d he says. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cSize is not something we pursue as an end goal, but the larger we get, the better our performance is.\u201d\u00a0<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">Insights in this article are based on discussions at the Bloomberg Invest event held in New York in March 2026.\u00a0<\/span><\/em><\/p>\n\n<\/div>\n\n<\/div>\n\n\n                    <\/div>\n    <\/section>\n<\/div>\n\n<div  class=\"bbg-row-container\">\n    <section class=\"bbg-row  text--black row-padding--top-none row-padding--bottom-none bbg-row--full-bg-bleed\" data-anchor='row-6a15647650fe6'>\n        \n        \n        <div\n            class=\"bbg-row--content\"\n                    >\n            \n 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         <\/div>\n    <\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Private market leaders say investors are navigating a more volatile environment shaped by geopolitics, AI disruption and shifting capital flows. Explore what executives from Apollo, Ares and Temasek have to say. <\/p>\n","protected":false},"author":2062,"featured_media":35704,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-article.php","format":"standard","meta":{"_yoast_wpseo_primary_category":"453","footnotes":""},"categories":[453],"tags":[550,3849],"series":[],"class_list":["post-140341","post","type-post","status-publish","format-standard","hentry","category-markets","tag-buy-side","tag-buyside_2026","type-article"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apollo, Ares, Temasek CEOs on the evolving private market playbook at Bloomberg Invest | Insights | Bloomberg Professional Services<\/title>\n<meta name=\"description\" content=\"Private market leaders say investors are navigating a more volatile environment shaped by geopolitics, AI disruption and shifting capital flows. 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