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Tracy Alloway highlights ongoing stress in the private credit sector, emphasizing that the crisis is still unfolding. Apollo is limiting redemptions from one of its largest business development companies, signaling continued pressure in the market.
The decision by Apollo reflects broader concerns over liquidity and investor access during this period of financial uncertainty.
Alloway has previously examined how financial markets reacted during major disruptions. In 2020, she recounted that markets largely shrugged off the Hong Kong economic shutdown related to U.S.-China tensions. The comparison highlights the varied investor responses to liquidity events over recent years.