Buyer’s remorse in private credit
A significant uptick in redemption requests hit Wall Street’s biggest private credit funds last quarter
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Private credit investors pull $7bn from Wall Street’s biggest funds
Funds managed by Apollo, Ares and Blackstone were among those hit by redemption requests in late 2025
Investors sought to pull $20bn from private credit funds in first quarter
Big groups including Apollo, Ares and Blackstone were hit with redemption requests at start of 2026
Investors ditch private credit funds on rising worries over bad loans
Publicly traded vehicles are trading at steep discounts in gloomy sign for broader industry
Blackstone’s flagship private credit fund hit with wave of redemptions
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Private credit firms sell debt to themselves at record rate
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Investors beware the dangers lurking in private credit
For some observers, the rapid rise of this asset class invites unsettling historical comparisons