Apollo's $26b private credit fund imposes 5% cap as withdrawal requests surge

▤ Summary

Apollo Global’s $26 billion private credit fund is capping redemptions at 5% after investors tried to withdraw about 16.8% of shares. The move follows rising withdrawal pressure and gross outflows that exceed inflows in the latest period. The filing also highlights stronger demand from institutional investors, even as wealth-channel redemptions increase. The article points to broader stress and scrutiny in private credit, especially around transparency and exposure to software lending.

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