Apollo Pledges To Dispel Shadows In Private Credit

Welcome to Going Private, I’m Sinead Cruise and this is Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we take a look at Blue Owl’s recent outreach to probing investors, redemption caps at Cliffwater and Morgan Stanley, and a history lesson that might boost spirits. But first, we explore Apollo’s game-changing pledge that could revolutionize private credit. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net

With first quarter redemption requests reaching billions of dollars, it may take something special to reverse the toxic sentiment engulfing private credit. Apollo might have the antidote.