Apollo gives investors only 45% of requested withdrawals from $15 billion private credit fund - CNBC

Apollo told investors it will honor only about 45% of redemption requests from its $15 billion flagship private credit fund this quarter, reflecting acute liquidity pressure as investors pull back over concerns about loans to software companies. The firm’s simultaneous push to establish a second headquarters in a southern U.S. state shows it is pursuing longer-term growth and geographic diversification even as parts of its business face stress. Continued withdrawals could force stricter withdrawal rules, asset sales, or deeper investor haircuts, and the expansion plans may draw added investor scrutiny given current liquidity concerns.