Retail investors shun private credit funds after Blue Owl gating
Fears mount that outflows may soon overwhelm inflows to some of largest players
Fears mount that outflows may soon overwhelm inflows to some of largest players

Asset manager blocks redemptions from one of its first private debt vehicles targeting wealthy individuals

Investment group’s decision sends shivers through industry

Fund it operates took in fraction of capital from year-ago level as worries mount over potential surge in loan defaults

Glendon Capital Management says debts are marked higher than similar publicly traded securities

Fundraising by evergreen vehicles has slowed amid worries about exposure to software and AI

Publicly traded vehicles are trading at steep discounts in gloomy sign for broader industry