Key insights
- Several large asset managers, including Apollo, Ares, Morgan Stanley, and Cliffwater, are restricting investor withdrawals from private credit funds due to a surge in redemption requests. This raises concerns about liquidity stress in the private credit market and potential contagion risks, negatively impacting overall financial stability and potentially leading to a decrease in US equities.
It seems like people are short on cash and are trying to free up funds, but it has become a bit tricky. Funds and asset managers are restricting withdrawals.
For example:
- Apollo Private Credit Fund has limited investor withdrawals following a surge in requests Link * Ares Management is the latest to restrict withdrawals from private credit funds link * Morgan Stanley’s “North Haven Income” fund has already limited withdrawals link * Cliffwater has also restricted withdrawals link
Do you know of other Funds and asset managers that are restricting withdrawals?
Do you think it is happening all over again?