Apollo Stock Is Down 22% This Year as Private Credit Cracks Show

1 week ago 12

David Beren

Wed, March 25, 2026 astatine 10:25 AM CDT 4 min read

Apollo Global Management (APO) reported full-year 2025 gross of $32B (+22.73%), Q4 adjusted EPS of $2.47 (beating $2.04 consensus), and raised its 2026 dividend by 10% to $2.25 per share, but shares fell 22.06% YTD aft the institution honored lone 5% of $25B successful withdrawal requests, capping redemptions portion the broader $1.8 trillion backstage recognition manufacture faces a structural liquidity mismatch. Blue Owl (OWL) has declined 41% this year, signaling industry-wide stress. Blackstone\’s recognition money recorded nett withdrawals for the archetypal time, reflecting retail capitalist caution spreading crossed the sector.
Apollo\’s withdrawal restrictions exposed that backstage recognition funds clasp illiquid firm loans that cannot beryllium rapidly sold erstwhile simultaneous redemption requests arrive, forcing funds to headdress payouts and damaging the retail wealthiness transmission strategy Apollo has built implicit years.
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Apollo Global Management (NYSE:APO) is sitting connected $938 cardinal successful assets nether absorption aft a grounds year, yet shares person fallen 22.06% twelvemonth to date, and Reddit's r/investing assemblage has turned decisively negative. The sentiment people has dropped from 38 connected March 14 to 22 by March 25, indicating a steadfast bearish tone, driven by 1 alarming story: Apollo's backstage recognition money honored less than fractional of capitalist withdrawal requests.

The trigger was a station by r/investing idiosyncratic DustInside6861, which accumulated 710 upvotes and 128 comments wrong days. The station described however Apollo's $25 cardinal backstage recognition money received withdrawal requests totaling 11.2% this 4th and honored lone 5%, capped astatine 5%. The framing was blunt: "This is present happening simultaneously crossed the full $1.8 trillion backstage recognition industry. The structural occupation is simple: these funds clasp illiquid firm loans that can't beryllium rapidly sold, truthful erstwhile everyone wants retired astatine once, the mathematics doesn't work."

Can Apollo’s Yield Machine Survive the Margin Squeeze? infographic

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Apollo Just Gave Investors Only 45% of Requested Withdrawals. BlackRock, Morgan Stanley, and Blue Owl Are Doing the Same Thing.
by u/DustInside6861 successful r/investing

Apollo's bull lawsuit has rested connected bringing backstage recognition to retail and wealth-channel investors. A 2nd r/investing station summarizing a Wall Street Journal probe captured the damage: "Retail superior is going to beryllium a batch much cautious. In the short-term, determination is not going to beryllium 1 fiscal advisor allocating wealth to them," according to newsletter writer Leyla Kunimoto. Apollo's Global Wealth transmission had conscionable posted a grounds $18 cardinal successful yearly inflows, making that informing sting harder.

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