Apollo is halting redemptions in its private credit fund after 11% of investors request withdrawals

Marc Rowan

PATRICK T. FALLON/AFP via Getty Images

• Apollo's semi-retail private credit fund saw investors request to redeem 11.2% of outstanding shares.
• The firm gated requests at 5%, only paying out $730 million of the more than $1.5 billion requested.
• Private credit funds have been facing record numbers of investor requests to return their money.

Apollo is the latest private credit investor to face massive repurchase requests and choose to gate payouts to shareholders.