Apollo wins bid to manage Singapore’s $1 billion private credit fund
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 18 2025
0mins
Source: SeekingAlpha
Apollo Global Management's New Role: Apollo Global Management has been appointed to manage Singapore's $1 billion Private Credit Growth Fund, which aims to provide customized financing for high-growth local enterprises.
Objective of the Fund: The fund, introduced by the Ministry for Trade and Industry and Enterprise Singapore, is part of Singapore's strategy to enhance its presence in the expanding private debt market, with more details expected by the third quarter.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy APO?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 109.790
Low
136.00
Averages
164.45
High
182.00
Current: 109.790
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.
Private Credit's Hidden Risks in Insurance Industry
- Potential Financial Crisis: Investor Steve Eisman warns that private credit's influence on the life insurance industry could become a 'slow brewing scandal' that may trigger a significant financial crisis, highlighting the potential risks and opacity within the sector.
- Liability Transfer Issues: Accountant Tom Gober points out that insurers are transferring billions in liabilities to offshore reinsurance subsidiaries that do not file US financial statements, which may lead to decreased financial transparency and increased regulatory risks.
- Asset Burden Imbalance: In one case reviewed by Gober, $7 billion in liabilities was backed by only about $200 million in real assets, indicating a severe imbalance in financial management that could lead to liquidity crises in the future.
- Deteriorating Market Sentiment: As investor sentiment worsens, Blue Owl Capital has halted quarterly redemptions and plans to liquidate $1.4 billion in assets, while Apollo's stock has dropped 30% this year, reflecting declining confidence in private credit markets.
See More
Howard Marks Warns of Risks in Private Credit Sector
- Current State of Private Credit: Howard Marks highlighted that the private credit market has rapidly expanded over the past 15 years, now exceeding $1 trillion; while there is currently no systemic issue, future market fluctuations could expose weaker lenders.
- Loan Risk Warning: Marks noted that the rapid growth of direct lending may lead to quality issues during economic downturns, particularly concerning loans to software companies, as artificial intelligence could disrupt these businesses.
- Investor Sentiment Shift: In the most recent quarter, investors withdrew nearly 8% from Blackstone's flagship private credit fund, indicating a growing caution among allocators regarding the market's stability.
- Unpredictability of Market Cycles: Marks emphasized that the factors profoundly affecting the investment world are often unforeseen, making it difficult to predict when the market cycle will turn, which could lead to significant consequences.
See More
Apollo Global Management Faces Class Action Lawsuit Over Epstein Ties
- Class Action Filed: A securities class action lawsuit was filed against Apollo Global Management and certain executives on March 5, 2026, alleging undisclosed business ties with Jeffrey Epstein from May 10, 2021, to February 21, 2026, resulting in over $12 billion in investor losses.
- Significant Stock Decline: Apollo's stock price fell over 15% since February 2026 due to media reports, which not only impacted the company's market capitalization but also raised widespread concerns about its transparency and compliance, potentially leading to further regulatory scrutiny.
- Increased Regulatory Pressure: Teachers' unions have requested an SEC investigation into Apollo's 'lack of candor', indicating a decline in investor trust regarding corporate governance and information disclosure, which could affect future investor relations.
- Potential Legal Consequences: Hagens Berman is investigating whether Apollo misled investors, and if the lawsuit succeeds, it could result in substantial damages and reputational harm for the company, further impacting its market position and investor confidence.
See More
BlackRock's Loan Write-Down Raises New Concerns Over Private Credit
- BlackRock's Impact: BlackRock has significantly influenced the private credit market, raising investor concerns about its stability.
- Market Concerns: The situation has intensified worries regarding the weakening fundamentals of the private lending market, especially in light of geopolitical tensions.
See More
Class Action Lawsuit Reminder Against Apollo Global Management, Inc.
- Lawsuit Background: DJS Law Group reminds investors of a class action lawsuit against Apollo Global Management for violations of §§10(b) and 20(a) of the Securities Exchange Act, covering the period from May 10, 2021, to February 21, 2026, with a deadline of May 1, 2026.
- False Statement Allegations: The complaint alleges that top Apollo executives maintained ties with Jeffrey Epstein during the 2010s, contradicting the company's claims of no relationship, which poses a significant reputational risk and renders public statements materially misleading.
- Investor Rights: Shareholders who suffered losses are encouraged to contact DJS Law Group to participate in the lawsuit, noting that appointment as lead plaintiff is not required for recovery, thus providing a potential avenue for compensation.
- Legal Expertise: DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through balanced counseling and aggressive advocacy, serving some of the largest hedge funds and alternative asset managers globally.
See More
Blackstone Faces Surge in Private Credit Redemptions
- Surge in Redemption Requests: Blackstone's BCRED private credit fund is experiencing record redemption requests, with investors seeking to withdraw approximately $3.8 billion, or 7.9% of total assets, posing a significant challenge to the firm's liquidity management.
- Liquidity Structure Scrutiny: The expansion of private credit into retail investors has intensified scrutiny over its liquidity structures, with Moody's warning that balancing high returns with retail-like liquidity will continue to be tested as the sector evolves.
- Asset Management Strategy Adjustment: Blackstone plans to increase its share buyback to 7% to meet redemption requests, demonstrating its response strategy under liquidity pressure while also reflecting a commitment to maintaining market confidence.
- Market Risk Intensification: Concerns over loan quality and AI-related risks have led to declines in stock prices for Blackstone and other alternative asset managers, indicating a weakening market confidence in the private credit industry.
See More
Private Credit's Hidden Risks in Insurance Industry
- Potential Financial Crisis: Investor Steve Eisman warns that private credit's influence on the life insurance industry could become a 'slow brewing scandal' that may trigger a significant financial crisis, highlighting the potential risks and opacity within the sector.
- Liability Transfer Issues: Accountant Tom Gober points out that insurers are transferring billions in liabilities to offshore reinsurance subsidiaries that do not file US financial statements, which may lead to decreased financial transparency and increased regulatory risks.
- Asset Burden Imbalance: In one case reviewed by Gober, $7 billion in liabilities was backed by only about $200 million in real assets, indicating a severe imbalance in financial management that could lead to liquidity crises in the future.
- Deteriorating Market Sentiment: As investor sentiment worsens, Blue Owl Capital has halted quarterly redemptions and plans to liquidate $1.4 billion in assets, while Apollo's stock has dropped 30% this year, reflecting declining confidence in private credit markets.
See More
Howard Marks Warns of Risks in Private Credit Sector
- Current State of Private Credit: Howard Marks highlighted that the private credit market has rapidly expanded over the past 15 years, now exceeding $1 trillion; while there is currently no systemic issue, future market fluctuations could expose weaker lenders.
- Loan Risk Warning: Marks noted that the rapid growth of direct lending may lead to quality issues during economic downturns, particularly concerning loans to software companies, as artificial intelligence could disrupt these businesses.
- Investor Sentiment Shift: In the most recent quarter, investors withdrew nearly 8% from Blackstone's flagship private credit fund, indicating a growing caution among allocators regarding the market's stability.
- Unpredictability of Market Cycles: Marks emphasized that the factors profoundly affecting the investment world are often unforeseen, making it difficult to predict when the market cycle will turn, which could lead to significant consequences.
See More
Apollo Global Management Faces Class Action Lawsuit Over Epstein Ties
- Class Action Filed: A securities class action lawsuit was filed against Apollo Global Management and certain executives on March 5, 2026, alleging undisclosed business ties with Jeffrey Epstein from May 10, 2021, to February 21, 2026, resulting in over $12 billion in investor losses.
- Significant Stock Decline: Apollo's stock price fell over 15% since February 2026 due to media reports, which not only impacted the company's market capitalization but also raised widespread concerns about its transparency and compliance, potentially leading to further regulatory scrutiny.
- Increased Regulatory Pressure: Teachers' unions have requested an SEC investigation into Apollo's 'lack of candor', indicating a decline in investor trust regarding corporate governance and information disclosure, which could affect future investor relations.
- Potential Legal Consequences: Hagens Berman is investigating whether Apollo misled investors, and if the lawsuit succeeds, it could result in substantial damages and reputational harm for the company, further impacting its market position and investor confidence.
See More
BlackRock's Loan Write-Down Raises New Concerns Over Private Credit
- BlackRock's Impact: BlackRock has significantly influenced the private credit market, raising investor concerns about its stability.
- Market Concerns: The situation has intensified worries regarding the weakening fundamentals of the private lending market, especially in light of geopolitical tensions.
See More
Class Action Lawsuit Reminder Against Apollo Global Management, Inc.
- Lawsuit Background: DJS Law Group reminds investors of a class action lawsuit against Apollo Global Management for violations of §§10(b) and 20(a) of the Securities Exchange Act, covering the period from May 10, 2021, to February 21, 2026, with a deadline of May 1, 2026.
- False Statement Allegations: The complaint alleges that top Apollo executives maintained ties with Jeffrey Epstein during the 2010s, contradicting the company's claims of no relationship, which poses a significant reputational risk and renders public statements materially misleading.
- Investor Rights: Shareholders who suffered losses are encouraged to contact DJS Law Group to participate in the lawsuit, noting that appointment as lead plaintiff is not required for recovery, thus providing a potential avenue for compensation.
- Legal Expertise: DJS Law Group specializes in securities class actions and corporate governance litigation, focusing on enhancing investor returns through balanced counseling and aggressive advocacy, serving some of the largest hedge funds and alternative asset managers globally.
See More
Blackstone Faces Surge in Private Credit Redemptions
- Surge in Redemption Requests: Blackstone's BCRED private credit fund is experiencing record redemption requests, with investors seeking to withdraw approximately $3.8 billion, or 7.9% of total assets, posing a significant challenge to the firm's liquidity management.
- Liquidity Structure Scrutiny: The expansion of private credit into retail investors has intensified scrutiny over its liquidity structures, with Moody's warning that balancing high returns with retail-like liquidity will continue to be tested as the sector evolves.
- Asset Management Strategy Adjustment: Blackstone plans to increase its share buyback to 7% to meet redemption requests, demonstrating its response strategy under liquidity pressure while also reflecting a commitment to maintaining market confidence.
- Market Risk Intensification: Concerns over loan quality and AI-related risks have led to declines in stock prices for Blackstone and other alternative asset managers, indicating a weakening market confidence in the private credit industry.
See More
