Key facts
- Apollo Debt Solutions BDC received withdrawal requests for approximately 14.7% of shares in the third quarter.
- This represents a decrease from the 16.8% of shares sought for withdrawal in the prior quarter.
- The fund will repurchase 5% of shares, which is its customary threshold.
- Withdrawal requests declined sequentially from both US onshore and offshore investors.
- Apollo estimates that most third-quarter requests were unfulfilled requests from prior quarters.
Apollo's flagship private credit fund, Apollo Debt Solutions BDC, experienced a reduction in investor withdrawal requests during the third quarter's tender offer, according to a regulatory filing. Investors sought to redeem approximately 14.7% of their shares, a decrease from the 16.8% requested in the previous quarter. The fund announced it would repurchase 5% of shares, aligning with its customary threshold for such vehicles. The decline in repurchase requests was observed across both US onshore and offshore investors. Apollo indicated in a shareholder update that it estimates the majority of these third-quarter requests were unfulfilled requests carried over from prior quarters.