Private equity “lost its way a little bit” during the easy-money era and firms will “have to start capitulating for sure on valuations” after borrowing costs normalized, warned Scott Kleinman, co-president of Apollo Global Management Inc.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-10/private-equity-faces-value-capitulation-apollo-s-kleinman-says)

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