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

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

Redemption requests across industry surge as exodus of wealthy individuals accelerates

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

Investors pull net $1.7bn out of vehicle over first quarter as industry strains intensify

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

Bond investors and banks are seeking greater premiums on new financing as a precaution before lending