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Business Breakdowns · 2026-03-20 · 75 min · 12,624 words

Apollo: Connoisseurs of Complexity - [Business Breakdowns, REPLAY]

Listen to the original audio · Transcribed with NVIDIA Parakeet · Why times can differ in your player

This is Matt Russell, and today we're replaying last year's episode on Apollo. Now, if you have been reading any headlines and not living under a rock, you've seen all of the talk about private credit out there. So whether you're dusting up on the various names in the space, trying to get a better appreciation for exactly what's happening, this episode is good for multiple reasons. I think it gives you a sense of how Apollo has been built and how they look. Different as an alternative manager, but it also gets into the weeds about the nuances of private credit, which is kind of tagged as one large asset class.

And with anything, there are nuances to it. So Hunter Hopcroft, the guest in this episode, does a great job telling the story and provides some great analogies about what it looks like at Apollo. some of the uniqueness and how you can separate what private credit is into various different things. And I think ultimately that can be a catalyst for if you're thinking about this space and how to differentiate it, some of the things to focus on and think about as we move forward. So please enjoy this replay of our episode on Apollo.

This is Business Breakdowns. Business Breakdowns is a series of conversations with investors and operators diving deep into a single business. For each business, we explore its history, its business model, its competitive advantages, and what makes it tick. We believe every business has lessons and secrets that investors and operators can learn from, and we are here to bring them to you.

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