Apollo's Private Credit Bet Is Really Starting to Sweat - Moby BREAKING NEWS Since Fitch flagged that private credit portfolios hit a record default rate of 8.1% in 2024, climbing to 9.2% in 2025, the sector's been a slow-motion stress test waiting for something to break. Monday night, Apollo gave it a push. Apollo Debt Solutions BDC, Apollo's $15 billion private credit vehicle, will satisfy only about 45% of withdrawal requests this quarter after investors tried to redeem 11.2% of shares outstanding i ...

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 ...