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The unprecedented and once 'unthinkable' State Street-Apollo ETF rollout is still setting off alarm bells for promising liquidity of illiquid assets with questionable plan, say lawyers, analysts and Morningstar

Analysts remain baffled why State Street and the Securities and Exchange Commission are leaving the essential liquidity issue unresolved.

Author Oisin Breen March 15, 2025 at 2:44 AM
1 Comment
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Anna Paglia: More drama than was warranted was created in the market.
Brooke Southall and Keith Girard contributed to the editing of this article.

State Street Global Advisors

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Securities and Exchange Commission

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Apollo Global Management


Brian Murphy

Brian Murphy

March 15, 2025 — 9:09 PM
PRIV is one of those rare products where you can easily see the fault lines before the fund even begins trading....it's really just a matter of time before the illiquidity becomes the albatross that kills the fund. Why not just watch from the sidelines. As has been said many times before - funds are not bought; they are sold.

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