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.

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…

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.

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

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

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

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…

Blackstone capped BCRED redemptions at 5% after investors requested 10% withdrawals. The fund's AUM dropped from $82B to $79B amid rising outflow pressure.

Blackstone's BCRED and Cliffwater's Corporate Lending Fund faced surging Q2 redemption requests, triggering withdrawal caps across the private credit