SPDR SSGA Apollo IG Public & Private Credit ETF Price & Performance (PRIV)

State Street’s SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) has faced regulatory challenges after its launch. The SEC raised issues about the fund’s liquidity and name, prompting State Street to promise adjustments. With $55 million in assets, the ETF’s innovative approach remains under close observation.123

Despite its groundbreaking structure, State Street’s private credit ETF has garnered limited investor interest since its launch. The fund saw only $5 million in net inflows over two days, highlighting concerns about liquidity and valuation. Investors remain cautious as the ETF navigates its early days in the market.456

The debut of State Street’s SPDR SSGA Apollo IG Public & Private Credit ETF has reignited concerns over liquidity in ETFs holding private credit. Apollo’s role in providing assets and buybacks is central to addressing these challenges. However, questions linger over the fund’s ability to manage liquidity under stress.78