Apollo Caps Withdrawals From $15 Billion Non-Traded BDC at 5% of Net Assets -- Market Talk

Dow Jones03-24

2003 ET - Apollo Global Management on Monday joined a growing list of business development company overseers that have recently capped investor withdrawals, limiting redemptions to 5% of Apollo Debt Solutions BDC's shares outstanding after receiving requests equivalent to over 11%. The New York firm cited its commitment to manage its net assets of $15.1 billion in the best interests of all investors and the BDC's "designated liquidity objectives," in a securities filing. It intends to honor each withdrawal request on a pro-rated basis, which will mean each investor would get nearly half of what was sought this quarter. Apollo set the 5% limit to reflect the average life of the BDC's underlying assets and the anticipated time span of investor commitments. At the end of last month, the BDC held assets of about $25 billion based on fair market value, according to a separate filing. (ted.bunker@wsj.com)

(END) Dow Jones Newswires

March 23, 2026 20:03 ET (00:03 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2621759033?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-24 08:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2621759033","market":"fut","top_or_hot":-1,"title":"Apollo Caps Withdrawals From $15 Billion Non-Traded BDC at 5% of Net Assets -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  2003 ET - Apollo Global Management on Monday joined a growing list of business development company overseers that have recently capped investor withdrawals, limiting redemptions to 5% of Apollo Debt Solutions BDC's shares outstanding after receiving requests equivalent to over 11%. The New York firm cited its commitment to manage its net assets of $15.1 billion in the best interests of all investors and the BDC's \"designated liquidity objectives,\" in a securities filing. It intends to honor each withdrawal request on a pro-rated basis, which will mean each investor would get nearly half of what was sought this quarter. Apollo set the 5% limit to reflect the average life of the BDC's underlying assets and the anticipated time span of investor commitments. At the end of last month, the BDC held assets of about $25 billion based on fair market value, according to a separate filing. (ted.bunker@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 23, 2026 20:03 ET (00:03 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apollo Caps Withdrawals From $15 Billion Non-Traded BDC at 5% of Net Assets -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApollo Caps Withdrawals From $15 Billion Non-Traded BDC at 5% of Net Assets -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-24 08:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  2003 ET - Apollo Global Management on Monday joined a growing list of business development company overseers that have recently capped investor withdrawals, limiting redemptions to 5% of Apollo Debt Solutions BDC's shares outstanding after receiving requests equivalent to over 11%. The New York firm cited its commitment to manage its net assets of $15.1 billion in the best interests of all investors and the BDC's \"designated liquidity objectives,\" in a securities filing. It intends to honor each withdrawal request on a pro-rated basis, which will mean each investor would get nearly half of what was sought this quarter. Apollo set the 5% limit to reflect the average life of the BDC's underlying assets and the anticipated time span of investor commitments. At the end of last month, the BDC held assets of about $25 billion based on fair market value, according to a separate filing. (ted.bunker@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 23, 2026 20:03 ET (00:03 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z3581.USD","symbol_name":"Legg Mason ClearBridge - Value A Acc USD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621759033","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621759033","pubTimestamp":1774310580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2003 ET - Apollo Global Management on Monday joined a growing list of business development company overseers that have recently capped investor withdrawals, limiting redemptions to 5% of Apollo Debt Solutions BDC's shares outstanding after receiving requests equivalent to over 11%. The New York firm cited its commitment to manage its net assets of $15.1 billion in the best interests of all investors and the BDC's \"designated liquidity objectives,\" in a securities filing. It intends to honor each withdrawal request on a pro-rated basis, which will mean each investor would get nearly half of what was sought this quarter. Apollo set the 5% limit to reflect the average life of the BDC's underlying assets and the anticipated time span of investor commitments. At the end of last month, the BDC held assets of about $25 billion based on fair market value, according to a separate filing. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","BK4148":"电子元件","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4135":"资产管理与托管银行","BDC":"百通公司","LU0106831901.USD":"贝莱德世界金融基金A2","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4184":"其它综合性金融服务","APO":"阿波罗全球管理","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD"},"translate_title":"Apollo将150亿美元非交易BDC的提款上限限制在净资产的5%——市场讨论","themeId":"8603dabb40994e59ac78c04c930c0d49","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BDC":1.5,"APO":0.9},"content_text":"2003 ET - Apollo Global Management on Monday joined a growing list of business development company overseers that have recently capped investor withdrawals, limiting redemptions to 5% of Apollo Debt Solutions BDC's shares outstanding after receiving requests equivalent to over 11%. The New York firm cited its commitment to manage its net assets of $15.1 billion in the best interests of all investors and the BDC's \"designated liquidity objectives,\" in a securities filing. It intends to honor each withdrawal request on a pro-rated basis, which will mean each investor would get nearly half of what was sought this quarter. Apollo set the 5% limit to reflect the average life of the BDC's underlying assets and the anticipated time span of investor commitments. At the end of last month, the BDC held assets of about $25 billion based on fair market value, according to a separate filing. (ted.bunker@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 23, 2026 20:03 ET (00:03 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2621759033","isCrawlerRequest":true}