Apollo's private-credit fund is the latest to not give some investors their money back
Apollo's private-credit fund, Apollo Debt Solutions BDC, has limited redemptions to 5% of shares outstanding, despite receiving requests for 11.2% of its shares. The move has led to a decline in Apollo Global Management's stock, which fell 2.4% in premarket trading.
Apollo Debt Solutions BDC, a private-credit fund, has capped redemptions at 5% of shares outstanding. The fund received requests for 11.2% of its shares but is limiting redemptions to protect the fund and its investors. The fund's portfolio is valued at $25 billion. Gross outflows were $730 million, while gross inflows were $724 million. Apollo Global Management's stock fell 2.4% in premarket trading. The company is sticking to its long-term plan despite market volatility.
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