Apollo Global Management is upholding limits on investor withdrawals from its flagship private-credit fund after a surge in redemption requests during the second quarter.
In a Monday filing with the U.S. Securities and Exchange Commission, the private markets giant said it will continue to cap redemptions at 5 percent of outstanding shares in its roughly $15 billion Apollo Debt Solutions fund. Investors had sought to withdraw about $2.4 billion, or 16.8 percent of the vehicle’s net asset value, during the most recent quarter.
