Swiss Private-Equity Giant Caps Investor Withdrawals, Sparking Share Selloff

Swiss Private-Equity Giant Caps Investor Withdrawals, Sparking Share Selloff

Partners Group capped redemptions from its $8.6B evergreen fund after requests hit 9.8% of NAV, sending shares down 17% and rattling private markets.

Shares of banks and other financial institutions fell as private-credit fears resurfaced.

Partners Group said it could cap capital withdrawals from more of its funds after a European gating sparked a private equity stock sell-off on Wednesday.

Partners Group warned that its flagship private equity fund had been hit by a flurry of requests from investors

Blackstone Investors Ask to Pull $4.4 Billion From Private-Credit Fund

Blackstone Investors Ask to Pull $4.4 Billion From Private-Credit Fund