Overview
- Apollo said in a fund filing that investors requested about 16.8% of shares be repurchased, well above the fund’s 5% quarterly repurchase cap.
- The fund paid roughly $700–$730 million on a prorated basis, honoring about 45% of redemption requests and leaving the remainder queued inside the vehicle.
- After those payouts and about $300 million of inflows, Apollo reported net outflows of roughly 3% of the fund’s assets year to date.
- The filing showed a clear split by location with U.S. onshore redemptions near 4.3% and offshore requests around 12.5%, a pattern that highlights investor segmentation in private credit.
- Apollo plans to move to daily net asset value pricing for its private‑credit funds by October 2026, a step meant to boost transparency as the wider private‑credit sector faces heavy withdrawal pressure and potential effects on fee revenue and fundraising.