Ares limits withdrawals from $10.7bn private credit fund
Redemption requests across industry surge as exodus of wealthy individuals accelerates
Redemption requests across industry surge as exodus of wealthy individuals accelerates

Big groups including Apollo, Ares and Blackstone were hit with redemption requests at start of 2026

Real estate and infrastructure commitments help offset weakness in group’s core business

Michael Arougheti says private credit-focused firm has ‘a lot of financial capacity to buy’

The sector remains untested in a severe or prolonged economic downturn

Funds managed by Apollo, Ares and Blackstone were among those hit by redemption requests in late 2025

Firms like Apollo find it hard to shake narratives formed by legacy private equity and distressed debt operations