Apollo Global Management, ETF and State Street
YAHOO!Finance · 3d
State Street, Apollo to Rename Scrutinized Private Debt ETF
A much-anticipated private credit exchange-traded fund from Wall Street giants State Street Corp. and Apollo Global Management Inc. said it will change its name after the US Securities and Exchange Commission shared concerns over the ETF.
The Financial Times · 4d
US regulator flags concerns with State Street and Apollo private credit ETF
State Street, one of the largest ETF issuers in the US, is sponsoring the fund, while Apollo will source private credit investments for the product. Apollo has also inked an agreement to shore up liquidity on the private credit side of the fund’s portfolio, which also includes public debt.
YAHOO!Finance · 4d
State Street, Apollo’s Private Credit ETF Raises SEC Concern
The US Securities and Exchange Commission expressed concerns over a much-anticipated private credit exchange-traded fund from Wall Street giants State Street Corp. and Apollo Global Management Inc., asking the firms for more information in a letter Thursday.
U.S. News & World Report · 4d
State Street Confirms Launch of SPDR Apollo Private Credit ETF
The firm announced its partnership with Apollo and plans for the SPDR SSGA Apollo IG Public & Private Credit ETF last September. The actively managed ETF will hold up to 35% of its portfolio in private securities but will limit holdings in illiquid investments to 15% of total assets, according to the prospectus.
Pensions&Investments · 5d
State Street-Apollo private credit ETF debuts amid liquidity concerns
SSGA Funds Management is a subsidiary of State Street Corp., while State Street Global Advisors is the investment management division of State Street Corp. Apollo Global Securities, a subsidiary of Apollo Global Management, also serves as a liquidity provider for the ETF, according to the filing.
Private credit has exploded in popularity, but it might not be the best fit for your portfolio.
The letter came after the ETF officially launched on Feb. 27, debuting on the New York Stock Exchange under the ticker “PRIV.
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