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Apollo’s Private Credit Fund Returns 45% of Requested Withdrawals

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Source: CNBC
Apollo’s Private Credit Fund Returns 45% of Requested Withdrawals
Photo: CNBC
TL;DR

Apollo Debt Solutions BDC faced Q1 redemption requests totaling 11.2% of shares, well above its 5% quarterly cap, and will prorate payouts to about 45% of the requested amounts (roughly $730 million). NAV fell 1.2% in the quarter but outperformed the US Leveraged Loan Index; software makes up 12.3% of the portfolio. Apollo is maintaining the 5% cap as a value-protection measure, contrasting with rivals like Blackstone that have loosened withdrawal limits.

Topics:business#apollo-global-management#bdc#business#liquidity#private-credit#redemptions
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  1. Apollo gives investors only 45% of requested withdrawals from $15 billion private credit fund  CNBC
  2. Apollo private credit fund limits investor withdrawals after requests surge  Reuters
  3. Apollo Caps Private Credit Fund Withdrawals as Requests Hit 11%  Bloomberg.com
  4. Apollo is limiting redemptions in its private credit fund after investors request 11% withdrawals  Business Insider
  5. Apollo Private Credit Fund Limits Withdrawals After Requests Exceed 5% Cap  WSJ

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