Apollo private credit fund sees redemption requests fall in Q3
Redemption requests at Apollo Global Management’s flagship private credit vehicle fell in the third quarter, providing another indication that the liquidity pressures affecting non-traded private credit funds may be starting to moderate, according to a report by Reuters.
Apollo Global Management's private credit fund, Apollo Debt Solutions BDC (ADS), experienced a decline in redemption requests during the third quarter, indicating a potential easing of liquidity pressures within the non-traded private credit funds sector, according to a report by Reuters. The redemption requests dropped to 14.7% of outstanding shares from 16.8% in the previous quarter, reflecting a moderation in investor concerns over lending standards and the impact of artificial intelligence on borrowers.
Despite this moderation, Apollo expects to record net outflows of approximately $500 million for the quarter, equivalent to about 3% of net asset value. The fund's performance remains strong, with Class I shares generating a net total return of 8.2% since inception, outperforming leveraged loans and high-yield markets.
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