Apollo Holds Talks to Sell $3 Billion Private Credit Fund

AI Summary

Apollo is engaged in discussions regarding the sale of a $3 billion private credit fund, signaling a significant shift in investment strategy. This follows a reported loss of $61 million by its publicly traded BDC, MidCap Financial Investment Corp.

Apollo's publicly listed BDC, MidCap Financial Investment Corp., reported a $61 million loss last week.