Apollo redemption requests ease amid mixed credit results
Apollo Global reported that capital withdrawal requests for its non-traded debt fund have fallen to half of previous levels. Meanwhile, Ares Management reduced a planned fund size following valuation disputes and the Federal Reserve announced a new pilot survey to monitor the private credit market.
APOLLO GLOBAL MANAGEMENT INC reported a 50% drop in redemption requests for its non-traded private credit fund on Tuesday as withdrawal pressures across the sector began to stabilize. The $26 billion Apollo Debt Solutions fund previously faced requests to redeem 16.8% of its total shares, forcing it to cap payouts at the 5% quarterly limit. This stabilization suggests that the liquidity crunch hitting private markets may be easing despite ongoing volatility in underlying valuations.
