Private Credit Concerns Mount, Apollo Stock Declines

LootboxPhobia · 2026-03-24T18:28:31+00:00

Apollo Global Management's stock price dropped over 3% due to market concerns about the private credit market, and the company has restricted investor redemptions from its funds. Although the stock has fallen 23.9% this year, redemption requests and inflows have essentially offset each other. This measure reflects increasing liquidity pressures in the industry.

LootboxPhobia

2026-03-24 18:28:31

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Investing.com - During Tuesday’s pre-market trading, Apollo Global Management’s stock fell over 3% as market concerns about the health of the $2 trillion private credit market dampened investor sentiment.

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The company has begun restricting investor redemptions from one of its funds. Apollo’s stock has declined approximately 23.9% year-to-date, despite a 4.8% increase last week.

On Monday evening, the company announced that after investors sought to redeem about 11.2% of its total outstanding shares, it would set the redemption cap at 5% of its shares.

These redemption requests amounted to approximately $730 million in total outflows during that period, nearly fully offset by inflows of $724 million.

This decision was made amid escalating credit concerns, prompting a reassessment of private loan portfolios and raising questions about the durability of one of Wall Street’s fastest-growing asset classes.

Redemption caps are becoming increasingly common across the industry. Competitors such as Ares, Blackstone, and the HPS Private Equity Loan Fund under BlackRock have also limited redemptions amid rising liquidity pressures.

Reports on Tuesday indicated that Ares Management’s private credit funds have begun to restrict redemptions to 5%.

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