Starwood real estate fund halts redemptions as bet on lower interest rates bites
Move comes after fund restricted investors’ liquidity rights two years ago
Move comes after fund restricted investors’ liquidity rights two years ago

Hedge fund seeks stake in fund that sharply limited investor redemptions in 2024 at 20% haircut

Decision taken after withdrawal requests at flagship HPS Corporate Lending Fund surged to 9.3% of net asset value

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

Ex-star stockpicker claimed that shutting his eponymous fund would crystallise consumer losses

Investment group’s decision sends shivers through industry

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