---
title: "Trouble in Paradise? Apollo (APO) Weighs Fund Sale amid Private Credit Turbulence"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285913679.md"
description: "Apollo Global Management (APO) is reportedly considering selling its $3 billion MidCap Financial Investment Corporation (MFIC) due to a decline in retail investor interest in private credit funds. Discussions with potential buyers are ongoing as defaults in the fund have increased from 3.9% to 5.3% this year. Apollo has also been buying back shares in the fund, which is trading at a significant discount to its net asset value."
datetime: "2026-05-11T09:18:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285913679.md)
  - [en](https://longbridge.com/en/news/285913679.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285913679.md)
---

# Trouble in Paradise? Apollo (APO) Weighs Fund Sale amid Private Credit Turbulence

Investors will be closely watching Apollo Global Management (APO) following reports that the alternative asset manager is considering selling its $3 billion MidCap Financial Investment Corporation (MFIC) as retail investors are dumping private credit funds.

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According to _The Wall Street Journal_, which first reported the news, the New York-based private credit and insurance provider has been holding discussions with potential buyers to offload the publicly traded business development company. As a private credit fund, MFIC invests in senior secured loans provided to mid-sized firms through MidCap Financial, Apollo's private specialty finance firm.

The move by Apollo comes as defaults in the fund climbed from 3.9% in December to 5.3% in the first quarter of this year. In addition, Apollo has been using its cash to buy back shares in the fund amid its substantial discount relative to net asset value, the outlet reported.

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