- Apollo Global Management capped redemptions for its 25 billion dollar Apollo Debt Solutions fund at 5 percent after investors requested to withdraw 11.2 percent of shares
- Ares Management similarly restricted its 10.7 billion dollar Strategic Income Fund to a 5 percent limit following redemption requests totaling 11.6 percent
- Shares of both Apollo and Ares fell more than 4 percent in New York trading as the market reacted to the growing liquidity strain in the 2 trillion dollar private credit sector
- Analysts describe the event as a fundamental credit event driven by rising default rates and concerns over software sector exposure in private loan portfolios
- Investors in the Apollo fund will receive approximately 45 cents on the dollar for their requested withdrawals due to the quarterly cap mechanism
Apollo and Ares limit private credit withdrawals as redemption requests surge
Mar 24, 2026, 4:41:20 PM UTC(3 hours ago)
Impact: MediumAffected Assets
Sources
From:@YahooFinance
Apollo and Ares have joined the growing list of funds that are adding limits to their private credit withdrawals.
(Disclosure: Yahoo is a portfolio company of funds managed by affiliates of Apollo Global Management.) https://t.co/jaddTnOD4i
