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.
Read more,# Apollo Goes Digital with a Tokenized Fund
## Key Points
– **Partnership**: Apollo Global Management teams up with Securitize for some crypto magic!
– **Tokenization**: They’re launching the Apollo Diversified Credit Securitize Fund (ACRED) to tokenize shares of their credit fund.
– **Diverse Portfolio**: The fund is filled with a mix of private credit assets, including loans to corporations and fancy asset-backed loans.
– **Returns on Fire**: The fund sees annualized returns of over 11% in the last year and a solid 5.5% since it started.
– **VIP Access Only**: This exclusive club is only open to qualified investors—sorry, no token for you if you don’t meet their criteria!
## Hot Take
So, Apollo is surfing the crypto wave by tokenizing a private fund! It seems like the dream team with Securitize is ready to impress qualified investors with some serious potential gains. Investors, grab your snacks and your wallets; this could be a wild ride! 🚀 #TokenParty #PrivateCreditRevolution
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JustInvestNews, Apollo, Tokenization, Private CreditOriginal article: https://cointelegraph.com/news/apollo-launches-tokenized-private-credit-fund?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
