Apollo Caps Private Credit Fund After 17% Request to Exit

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Summary · why it matters

Apollo Global Management capped withdrawals from its Apollo Debt Solutions fund at 5% of outstanding shares after investors asked to redeem 16.8% in the latest quarter. The fund, which holds roughly $25 billion in assets, reported an 8.1% total net return since launch. Redemption requests rose from 11.2% in the prior period, with the majority coming from offshore investors at 12.5% of all shares, while US customer requests slowed to 4.3%. Apollo shares fell about 3.1% on the news, and peers including Ares Management, KKR, Blackstone, and Blue Owl also declined.

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