Apollo limits redemptions as withdrawal requests hit 14.7% - Bloomberg

Investing.com -- Apollo Global Management LLC (NYSE:APO) is limiting redemptions from its flagship private credit fund for the third consecutive quarter, as investors continue a broader retreat from the direct lending market. The private equity firm notified shareholders on Tuesday that it will cap quarterly withdrawals from Apollo Debt Solutions BDC at 5% of outstanding shares after receiving redemption requests totaling 14.7% of its stock, according to Bloomberg reporting on a letter to invest