Business
Apollo Private-Credit Fund Hit With Nearly 17% Redemption Request
Investors asked to redeem approximately 16.8% of their shares from Apollo’s flagship retail-focused private-credit fund in the second quarter, according to a company filing on Monday.
The $26 billion fund, Apollo Debt Solutions, limited redemptions at 5%. Redemption requests were about 11% in the first quarter.
The result for the second quarter is gross outflows of approximately $700 million compared to inflows of $300 million, according to preliminary numbers disclosed in the filing.
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