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

Marc Rowan

PATRICK T. FALLON/AFP via Getty Images

• Apollo's 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 limit redemptions to investors in the first quarter amid growing anxieties over non-bank lending.