Blackstone’s flagship private credit fund hit with wave of redemptions
Investors pull net $1.7bn out of vehicle over first quarter as industry strains intensify
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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
BlackRock limits redemptions at private credit fund as outflows swell
Decision taken after withdrawal requests at flagship HPS Corporate Lending Fund surged to 9.3% of net asset value
Blackstone pulls in $69bn despite slump in private capital returns
Asset manager drew investors even as performance in private credit and buyout units suffered
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
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
Cliffwater caps payouts at credit fund as redemption requests surge
Withdrawal requests hit 14% in the first quarter as investors grow skittish on private capital exposure