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Apollo and Ares Private Credit Funds Curb Redemptions, Stocks Fall
Apollo's private-credit fund has continued to limit investor redemptions, honoring less than half of requests, a move also seen by Ares. This ongoing restriction on withdrawals has led to a decline in the stocks of both Ares and Apollo, intensifying investor uncertainty in the private credit market.
24 Mar, 12:19 — 24 Mar, 14:57
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bloombergHigh2d ago
Ares, Apollo Fall as Firms Curb Private Credit Fund Redemptions - Bloomberg.com
Ares, Apollo Fall as Firms Curb Private Credit Fund Redemptions Bloomberg.com
Read full article →marketwatchMostly Factual2d ago
Apollo’s private-credit fund is the latest to not give some investors their money back
Apollo’s stock was down as one of its private-credit funds said it was honoring less than half of the redemption requests it received in the latest quarter.
By Tomi Kilgore
Read full article →Coverage Timeline
First report: marketwatch · 24 Mar, 12:19|Full coverage: 2 · 3h|Window: 3h
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