Apollo Global Management
170.《1929》的泡沫之夏：三个代表人物，和他们在当下周期的影子 adds Apollo as part of the modern Charles E. Mitchell / 查理·米切尔 analogy. The episode uses Apollo and Athene Holding / 雅典娜保险 to show how long-duration insurance liabilities can be joined to private-credit assets, making Financial Institution Trust Transmission / 金融机构信任传导 and Private Credit Tail Risk / 私募信贷尾部风险 a question of institutional reputation, product form, and slow loss recognition rather than only bank-run fragility.
161. 全球宏观和资本市场2026一季度复盘与展望 mentions Apollo in the first-quarter 2026 private-credit risk update. 大卫翁 groups Apollo with BlackRock and KKR as part of a wider institutional-confidence problem: each large participant may believe its own assets are better underwritten even as AI compute and data-center financing increase the scale of Private Credit Tail Risk / 私募信贷尾部风险.
152.关于2026年的四个猜想 uses Apollo again inside the private-market bubble guess. The source cites Apollo’s broad private-credit-related market framing to argue that private credit and adjacent non-bank credit channels can be far larger and less transparent than the public equity stories investors usually watch.
Apollo Global Management appears in 151.私募信贷Private Credit：加速AI建设的“天使”，还是诱发金融危机的“恶魔”？ as one of the private-credit and private-markets giants that make private credit more concentrated and more systemically relevant. The source names Apollo in the xAI chip-financing case as the arranger of debt financing for a structure that buys chips and leases them to xAI.
The episode also uses Apollo as part of the insurance-capital story: large private-credit managers can pair lending assets with long-duration insurance funding, then use structures such as Rated Note Feeders / 评级票据通道 to make private-credit exposure more acceptable to regulated or rating-sensitive investors.
Connections
- Private Credit Market / 私募信贷市场, Direct Lending / 直接贷款, Asset-Based Finance / ABF, and AI Data-Center Private Credit Financing - market and product context from the source.
- xAI - AI company tied to the chip-financing example discussed by the episode.
- Blackstone, KKR, Ares Management, and Blue Owl Capital - peer private-market managers named by the source.
- Rated Note Feeders / 评级票据通道, Synthetic Risk Transfer / SRT, and Private Credit Tail Risk / 私募信贷尾部风险 - structuring and systemic-risk concepts associated with the episode.