Investor withdrawal requests at Apollo Global Management’s flagship retail private credit fund rose sharply in the second quarter, reaching 17% of the vehicle’s value and prompting the company to cap redemptions at 5% of fund assets, according to a report by the Financial Times.
The $15bn Apollo Debt Solutions fund received around $2.4bn in redemption requests during the period, but was only able to meet just under 30% of those demands due to internal liquidity limits. The 5% cap is in line with...
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