Apollo launches tokenized private credit fund
Supported by Securitize, it tokenizes an existing Apollo fund and operates across multiple networks.
Private equity firm Apollo Global Management has partnered with Securitize to launch a tokenized private credit fund, according to a Jan. 30 announcement.
The Apollo Diversified Credit Securitize Fund (ACRED) will tokenize shares of its Apollo Diversified Credit Fund. It holds a diverse portfolio of private credit assets, including direct loans to corporations and asset-backed loans, Securitize said in a statement shared with Cointelegraph.
The fund earned an annualized return of more than 11% in the past year and more than 5.5% since inception, according to Apollo’s website. Access is limited to qualified investors.
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Author: Alex O’Donnell
