Apollo's John Zito Criticizes Arrogance in Private Markets

Apollo's John Zito recently criticized the 'arrogance' prevalent in private markets during a discussion with UBS clients. Wall Street Journal (Markets) posted on X that Zito's comments were captured in audio recordings from the meeting. He expressed concerns about the overconfidence among market participants, which he believes could lead to potential risks and challenges in the sector. Zito's remarks highlight the need for caution and prudence in navigating the complexities of private markets.