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.

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

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