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

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.