Apollo limits withdrawals from core fund

Apollo Asset Management announced restrictions on withdrawals from its main credit fund after receiving redemption requests totaling approximately $2.4 billion, representing 16.8% of assets under management during the second quarter of the year. The company decided to limit withdrawals to 5% of the total fund units in order to protect the fund's stability amid increasing pressures from investors seeking to redeem their capital. These measures come amid growing concerns over asset quality and liquidity challenges in the private credit fund industry.

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