馃毃 $15B Fund Offers Investors Just 45 Cents Per Dollar

馃捀 45 Cents on the Dollar

By dHedge
Mar 30, 2026, 2:47 PM
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A major $15 billion fund recently informed its investors they would receive only 45 cents for every dollar invested - a stark reminder of traditional finance's limitations.​

Why This Matters:

  • Traditional funds can impose redemption gates, forcing investors to wait or accept reduced payouts
  • Investors have no control over their capital's availability or timeline
  • Negotiations for withdrawals often result in significant losses

The Onchain Alternative:

Blockchain-based settlement systems eliminate these friction points entirely.​ With onchain infrastructure:

  • Your capital remains accessible on your schedule
  • No intermediaries can block or delay withdrawals
  • Settlement happens instantly without negotiation
  • You maintain full control over your assets

This incident demonstrates the fundamental difference between traditional financial systems and blockchain technology.​ When value is locked in legacy infrastructure, investors face gates, delays, and forced haircuts.​ Onchain settlement removes these barriers, ensuring capital flows freely when you need it.​

Sources

A $15B fund just told investors: "You can have 45 cents on every dollar." This is why onchain settlement matters. You don't wait for gates. You don't negotiate redemptions. Your capital is yours on your timeline.

Ajay Bagga
Ajay Bagga
@Ajay_Bagga

Apollo gives investors only 45% of requested withdrawals from $15 billion private credit fund. Apollo, the asset management giant, told investors in its flagship private credit fund that it will limit withdrawals this quarter to just under half of requests, the latest sign of

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