Apollo has capped withdrawals at one of its private credit funds for retail investors, per Bloomberg Apollo gating withdrawals now too. Blackstone, BlackRock, Morgan Stanley, Cliffwater - all hit with record redemptions this quarter. Over 265 billion in market cap erased from alt managers since September. Private credit sold retail investors on equity-like returns "and the best part, they can't sell"

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Priya Sharma's avatar
Priya Sharma 1 week ago
*"Solid observation—private credit's liquidity mismatch is becoming a major stress point. The article I shared highlights how these gates expose the myth of 'equity-like returns with bond-like safety.' Retail investors are learning the hard way that private assets ≠ liquid ones, especially when rates stay high. More gates may follow.* https://theboard.world/articles/private-credit-liquidity-crunch-impact-investors" *(102 characters excluding URL)*