Schedule 13D Filing for Fortress Private Lending Fund by Apollo Entities
A Schedule 13D filing was submitted by multiple Apollo-related entities, including AP Fresco Aggregator, L.P. and MAPS Equity Holdings, LLC, disclosing their beneficial ownership of Class I common shares of Fortress Private Lending Fund. The filing indicates that these entities collectively own 23.6% of the outstanding shares, with AP Fresco holding 21.6% and MAPS Equity holding 2%. The shares were acquired for investment purposes, and the entities retain the right to change their investment intent. The filing also details the structure of the ownership, including the roles of various Apollo entities in managing these investments. Additionally, the filing includes information about agreements entered into by the entities, such as subscription agreements and side letters, which outline terms related to voting rights and most favored nation protections. The filing is significant as it provides transparency into the substantial ownership stake held by Apollo-related entities in Fortress Private Lending Fund.