Ares, Apollo Cap Private Credit Fund Withdrawals as Exodus Grows

Two large private-credit managers blocked investors from withdrawing even 50% of requested redemptions, highlighting mounting liquidity strain in the $1.8 trillion private credit market. The gating of outflows signals stress on fund-level liquidity and could tighten investor access and sentiment across private credit and related credit markets.

Analysis

Two large private-credit managers blocked investors from withdrawing even 50% of requested redemptions, highlighting mounting liquidity strain in the $1.8 trillion private credit market. The gating of outflows signals stress on fund-level liquidity and could tighten investor access and sentiment across private credit and related credit markets.