New York/London | Investor redemption requests at Apollo’s flagship retail private credit fund surged to 17 per cent of the vehicle’s value in the second quarter, underscoring fears of falling returns and rising stress in debt markets.
The firm’s $US15 billion ($21.5 billion) Apollo Debt Solutions fund pitched to wealthy individual investors reported roughly $US2.4 billion of withdrawal requests in the most recent period. The fund met less than 30 per cent of the withdrawals it faced in the quarter, capping redemptions at 5 per cent of the value of the vehicle.
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Financial Times