Private Equity Wire

Apollo Marks Down Credit Fund as Loan Stress Emerges

Apollo Global Management has taken a significant write‑down on its flagship credit fund as loan‑level stress surfaces across its portfolio. The move mirrors similar distress signals from KKR’s FSK fund and Blackstone’s private‑credit vehicle, which also marked down troubled loans. Despite record private‑credit inflows to emerging markets of $22.3 billion, the sector faces rising default risk and heightened scrutiny. The broader private‑credit landscape may see tighter underwriting and slower fundraising as investors reassess risk exposure.