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Huge private equity software bets most at risk as investors face returns squeeze, Apollo says
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- That has left a $4 trillion overhang of assets waiting to be sold as sponsors face growing pressure to return capital to investors.
- Munfakh said that distributions are expected to increase as the industry works through this backlog — but this may not necessarily be a positive outcome for general partners.
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Private equity investors should brace for a sharper divide in returns as the industry struggles with years of delayed exits, aggressive valuations and a $4 trillion backlog of unsold assets, Apollo's deputy global head of private equity Antoine Munfakh has warned.
Speaking to CNBC at the Super Return International conference in Berlin, Munfakh said that the average hold time for private equity assets has doubled from a historic average of around four years to almost eight years today.
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