On September 24, Apollo Global Management LLC fell 4.08% in regular trading, trading at $119.235/share, with turnover of $185 million. The decline was driven by dual headwinds: a significant potential loss at its Atlas SP Partners unit and persistent redemption pressures at its flagship private credit fund.

Funds backed by Apollo's Atlas SP Partners face a potential loss of up to 860 million pounds (approximately $1.1 billion) from the collapse of UK mortgage company Market Financial Solutions earlier this year, according to court-appointed administrators. Two entities tied to the firm, Amber Bridging and Zircon Bridging, owe a combined 970 million pounds to Atlas, with debt recovery estimated at only 107 million to 200 million pounds — implying a steep write-down.

Compounding investor concerns, Apollo Debt Solutions BDC, a roughly $26 billion fund, capped investor withdrawals at 5% of outstanding shares for a third consecutive quarter after 14.7% of investors sought redemptions. While redemption requests declined from 16.8% in the prior quarter, the persistent gap between requested and permitted withdrawals highlights ongoing liquidity strain. The fund noted that most third-quarter requests reflected unfulfilled prior-period submissions.

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