SEC Asks State Street to Cut Apollo From New ETF’s Name
The Securities and Exchange Commission has raised liquidity and naming issues with State Street Corp. over its new private equity ETF that it launched Thursday with Apollo Global Management. The agency said the SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV),
State Street-Apollo private credit ETF raises SEC concern
The letter came after the ETF officially launched on Feb. 27, debuting on the New York Stock Exchange under the ticker “PRIV.” It’s a swift response to an ETF that brings together the very private world of direct lending and a more democratic market for trading.
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