Major asset managers gate $4.6 billion in private credit redemptions as investor withdrawals surge, exposing liquidity risks in the booming direct-lending

Cliffwater's private credit fund has again gated investors by capping redemptions at 5% in the second quarter after investors looked to pull more than three times that amount, or…

“The disease is spreading across private markets asset classes. There is presumably a case to trim earnings expectations on contracting AUMs.”

Cliffwater LLC's spike in redemption requests sparks concern in the private credit market, highlighting liquidity challenges for major asset managers.

Major asset managers gate $4.6 billion in private credit redemptions as investor withdrawals surge, exposing liquidity risks in the booming direct-lending

Over $4.6 billion is trapped in private credit funds as redemption requests hit $13 billion. Analysts warn the liquidity crunch could pressure Bitcoin

Shares of Apollo, Blackstone, KKR, and peers fell over 5% as private credit fund redemptions hit record levels, raising crypto market spillover concerns.

US asset managers including Blue Owl, Apollo, and Blackstone fell as private credit fund redemption requests climbed to 17% in Q2, up from 14% in Q1.

Blackstone is restricting withdrawals from its flagship Blackstone Private Credit (BCRED) fund following a spike in investor redemption requests.The asset management giant capped…

Investors sought to pull 10% of shares in the second quarter, double the fund's standard 5% repurchase limit

Blackstone has thrown in the towel and is gating redemptions from its flagship private credit fund for the first time after investors sought to pull 10% of the shares.

5% limit set as investors seek to cash in 10% of BCRED shares in Q2

Blackstone caps withdrawals at flagship fund; Partners cap expected on second pool

The attempts to cash out indicate wealthy individuals are continuing a recent retreat after many years of piling into private credit funds.

Investors having been putting money into private credit since the 2008 financial crisis. With time, the problems with those investments are starting to show.

Shares of banks and other financial institutions rallied, registering their biggest gain in a year as traders rotated into lagging sectors. The gains came despite an about-face…

Private credit funds catering to wealthy investors are coming under renewed pressure as redemption requests remain elevated in the second quarter. Early filings reviewed by…