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