"Apollo's private credit fund received redemption requests for 11.2% of outstanding shares, totaling more than $1.5 billion, but gated requests to just 5%."
"The fund paid out $730 million of the requested redemptions, adhering to its designated liquidity objectives while also attracting $724 million in inflows."
Apollo's private credit fund experienced significant investor redemption requests, totaling 11.2% of outstanding shares, amounting to over $1.5 billion. In response, the firm gated these requests to 5%, allowing only $730 million to be paid out. This decision aligns with the fund's designated liquidity objectives. Despite the redemption requests, the fund also saw $724 million in inflows during the same period, indicating ongoing investor interest in private credit despite growing anxieties surrounding non-bank lending.
Read at www.businessinsider.com
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