Apollo Founder Says Big PE Firms Have Left Alpha Behind

26North Partners founder Josh Harris said he started his firm to bring big, market-beating returns back to alternative asset management. The largest managers, including Carlyle Group Inc., Apollo Global Management Inc., Blackstone Inc., KKR & Co. and TPG Inc., have built “incredible investing ecosystems, but many of them had gotten so big and become public companies,” he said in an interview for an upcoming episode of The David Rubenstein Show: Peer to Peer Conversations. This interview was recorded October 8 in Washington DC at a Bloomberg LP event in honor of the 10th anniversary of The David Rubenstein Show.
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