NYSE:APODiversified Financial
Apollo Balances Fund Liquidity Limits With Major Japan Deal And Valuation Gap
Apollo Global Management (NYSE:APO) has restricted withdrawals from a $15b private credit fund, enforcing redemption caps after receiving elevated investor requests.
The fund is reported to be satisfying less than half of requested redemptions, highlighting liquidity stress within parts of the private credit market.
Separately, Apollo announced the acquisition of Nippon Sheet Glass, its largest private equity deal in Japan to date.
Apollo Global Management comes into these developments...