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

Apollo is the latest private credit investor to limit redemptions to investors in the first quarter as anxieties over non-bank lending grow.The private credit fund, the $25 billion Apollo Debt Solutions BDC, received requests for redemptions from 11.2% of outstanding shares in the first quarter, according to an SEC filing. The total amount of requested redemptions is more than $1.5 billion.The fund decided to gate these requests to just 5%, or roughly $730 million, in keeping with the vehicles' "designated ...