Apollo's $26 billion private credit fund imposes 5% cap on requests to pull 17%

Apollo's flagship private credit fund faces 17% redemption requests, can only honor fraction of withdrawals

The redemption surge highlights liquidity challenges in private credit, prompting industry-wide scrutiny and potential regulatory interest. The post Apollo’s flagship private credit fund faces 17% redemption requests, can only honor fraction of withdrawals appeared first on Crypto Briefing.

Apollo's $26 billion private credit fund imposes 5% cap on requests to pull 17%

By Isla Binnie and Pragyan Kalita NEW YORK, June 22 (Reuters) – Apollo Global’s $26 billion private credit fund, Apollo Debt Solutions (ADS), said on Monday it was curbing redemptions at 5% of its shares after ​investors sought to withdraw approximately 16.8% of the total.  Paying out those investors will mean gross outflows from the fund come to $700 million, outpacing inflows of $300 million, based on preliminary data, the fund said in a filin…