Apollo Global Management (NYSE:APO) reported Q2 alternative net investment income of $350M—about a 9% annualized return—while grappling with $15.6B in private-credit redemption requests and $5.9B paid out, and a stalled sale of Heritage Grocers amid falling sales after immigration raids.
Previous Week Recap
- Apollo Sees 9% Return On NIIs: Apollo Global Management (APO) estimates Q2 alternative net investment income of $350M, implying a 9% annualized return for its alternative investments business.
- Private-Credit Redemptions Hit $15.6B: In Q2 Apollo Global Management saw heightened investor redemptions in its private-credit funds as industry withdrawal requests totaled $15.6B and managers paid out $5.9B in redemptions.
- Heritage Grocers Sale Falters: Apollo Global Management is trying to sell Hispanic grocer Heritage Grocers; declining sales after recent U.S. immigration raids are hindering the sale and reducing buyer interest.
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