Apollo Global Management CEO Criticizes Lenders Unable to Meet Private Credit Fund Redemptions

Apollo Global Management CEO Marc Rowan criticized lenders unable to meet redemption requests in private credit funds, stating they are 'idiots.' The firm has limited redemptions in a private credit fund to 5%, amid concerns over concentrated debt in the enterprise software market and potential defaults. Apollo's stock has fallen over 15% this year due to these fears.

By Eric Rosenbaum · CNBC · April 16, 2026, 17:27 UTC

Tickers: $APO

Topics: AI disruption Apollo Global Management private credit redemption limits software market

Read the full article at CNBC

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