Apollo Global Management's (APO) Apollo Debt Solutions BDC will cap investor withdrawals at 5% of outstanding shares for a third straight quarter after 14.7% of investors sought redemptions, Bloomberg reported Tuesday, citing a shareholder letter.

The fund, which has about $26 billion in assets, said redemption requests declined from 16.8% in the previous quarter, with most third-quarter requests reflecting unfulfilled requests from prior periods, the report said.

Investors who sought redemptions this year will have received about 75% of their requested capital, while the fund has generated an 8.2% return since its 2022 launch, Bloomberg said.

Apollo did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)