Apollo Global Management LLC has informed investors in its $15 billion private credit fund, Apollo Debt Solutions BDC, that it will limit withdrawals from this quarter to just under half of requests. The move is part of a trend of stress in the asset class, with Apollo receiving an 11.2% of redemption request exceeding the 5% quarterly cap the fund allows for. Unlike other private credit players, Apollo is sticking to the industry standard of 5% for withdrawals. The company expects to return about $730 million to investors on a prorated basis, meaning investors will receive roughly 45% of the capital they requested. The fund, which has a net asset value of $15.1 billion, outperformed the U.S.