Apollo Allegedly Limits Withdrawals from Private Credit Fund; Shares Plummet
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Source: stocktwits
Apollos' Financial Strategy: Apollos intends to maintain the same capital structure in the next quarter, balancing the interests of shareholders seeking liquidity with those who choose to remain invested, while expecting around $730 million in gross outflows for the first quarter.
Redemption Trends: Apollos Debt Solutions is returning less cash to clients compared to some peers, with reports indicating that clients are redeeming only 45% of their capital, while the firm has seen a 1% return over the past three months.
Market Performance: The private credit industry is experiencing rising redemption rates, with Apollos and other firms like Blackstone reporting increases in redemption requests, reflecting concerns about asset class exposure and market conditions.
Stock Decline: Apollos shares have fallen 24% so far in 2026, amid bearish sentiment in the retail sector and a general decline in market performance.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 129.190
Low
136.00
Averages
164.45
High
182.00
Current: 129.190
Low
136.00
Averages
164.45
High
182.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Investor Composition: The commitments come from a diverse group of investors, including pension funds, financial institutions, endowments, foundations, and family offices, highlighting the fund's significant role within diversified portfolios.
- Market Opportunities: Fund VII targets dislocated liquid credit during periods of market volatility while also pursuing select idiosyncratic opportunities in stable market conditions, aiming to generate favorable returns for capital providers.
- Flexible Investment Strategy: The global head of Apollo's institutional client group noted that the fund's flexible mandate allows investors to capitalize on volatility, emphasizing senior positioning within the capital structure to enhance investment security.
See More
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- Listing Initiative: US auto parts maker Tenneco has engaged Bank of America, Barclays, Citigroup, and JPMorgan Chase to arrange a potential stock market listing, marking a strategic shift back to public markets after its privatization in 2022.
- Positive Valuation Outlook: Following Apollo Global Management's acquisition of Tenneco for over $7 billion in enterprise value, the company is projected to generate EBITDA exceeding $2 billion for the current financial year, nearly double the pre-acquisition figure, indicating strong financial performance and market appeal.
- Favorable Market Environment: The timing of this listing plan coincides with regulatory changes in the US that have improved prospects for traditional vehicle manufacturers and parts suppliers, as the removal of consumer tax incentives for electric vehicles and easing emissions requirements enhance Tenneco's competitive position.
- Strategic Considerations: While a full or partial flotation is the preferred route, Apollo is also contemplating keeping Tenneco's Driv aftermarket parts division outside any public structure to optimize asset allocation and market positioning.
See More
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- Partnership Formation: Anthropic is collaborating with Goldman Sachs, Blackstone, and Hellman & Friedman to establish a $1.5 billion firm aimed at accelerating AI adoption across hundreds of companies, reflecting strong confidence in the AI market.
- Engineer Embedding: The new entity will embed engineers within mid-sized companies to redesign workflows around the Claude AI model, addressing the talent bottleneck in AI implementation and enhancing operational efficiency.
- Market Competition: This move signifies Anthropic's deepening lead in the enterprise AI market, particularly as it enhances its competitive edge in middle-market technology adoption against rivals like OpenAI.
- Initial Application: Goldman and its partners plan to initially test the new platform within their own portfolio companies before expanding to mid-sized firms in sectors such as healthcare, manufacturing, financial services, retail, and real estate, which is expected to deliver significant transformation value.
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- Debt Financing Outlook: Jim Zelter, president of Apollo Global Management, stated that debt funding for AI capital expenditures will remain robust until at least 2028, with net origination of investment-grade debt expected to exceed $1 trillion in 2023, reflecting strong market confidence in AI investments.
- Capital Expenditure Surge: According to Goldman Sachs, hyperscaler capital expenditures are projected to reach $751 billion in 2026, representing an 83% increase from 2025, indicating a surge in demand for AI infrastructure that is driving financing activities among major players.
- Major Corporate Financing Moves: Oracle plans to raise $45 to $50 billion through a one-time bond issuance and an
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- Partnership Announcement: Anthropic has partnered with Goldman Sachs and Blackstone to establish a $1.5 billion firm aimed at accelerating the adoption of artificial intelligence across hundreds of companies by deploying the Claude AI model directly within businesses, enhancing their technological implementation capabilities.
- Market Demand: Marc Nachmann, Goldman’s global head of asset and wealth management, highlighted the current shortage of experts in implementing AI technology, and this new entity will address this bottleneck by embedding engineers to help redesign workflows.
- Competitive Advantage: By integrating with a network of investor-owned companies, Anthropic aims to gain a leading position in the middle-market adoption of AI technology, particularly in sectors such as healthcare, manufacturing, financial services, retail, and real estate, thereby strengthening its market competitiveness.
- Strategic Goals: The establishment of this new company is not only intended to serve Goldman’s portfolio companies but also plans to expand to other mid-sized firms, which is expected to bring significant transformational value to these companies and enhance their competitiveness in the AI space.
See More
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- Secondary Offering Size: Apollo Global Management is targeting up to $770 million through a secondary public offering of ADT, involving 102 million shares, indicating strong market confidence.
- Price Discount Impact: The offering price ranges from $7.30 to $7.55 per share, representing a discount of up to 3.3% from Friday's closing price of $7.55, which may exert short-term pressure on ADT's stock price.
- Market Reaction: Following the announcement, ADT shares fell 6.0% in Monday morning trading, reflecting investor concerns regarding the secondary offering and its potential impact on the company's stock value.
- Company Buyback Plan: ADT has agreed to purchase approximately 29.1 million shares of its common stock from the underwriters at a price equal to that paid by the underwriters to the selling shareholders, demonstrating the company's confidence and support for its stock.
See More
