Apollo’s tokenised private credit fund hits $100m
The Apollo Diversified Credit Securitize Fund has surpassed $100m (around £75m) in assets under management (AUM).
The fund, which had $106.8m in AUM as of 23 June, first launched in January this year as a partnership between Apollo and Securitize, which tokenises real-world assets.
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The partnership aimed to give accredited investors access to institutional-grade private credit and is tokenised on-chain with the aim being more efficient, transparent and flexible.
The fund is a diversified global credit strategy which invests across corporate direct lending, asset-backed lending, and performing, dislocated and structured credit.
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At the time it was launched, Carlos Domingo, chief executive of Securitize, said: “The next wave of demand for tokenised assets has emerged around fixed income, including private credit.”
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