#redemption-gates

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#liquidity-crisis #private-credit #apollo-global-management #investment-risk #private-credit-market
Business
fromSilicon Canals
5 days ago

Private credit gates are spreading. Why Apollo's 45% redemption cap is a structural warning for the entire $1.7T asset class - Silicon Canals

Liquidity crises are most dangerous when distress signals are misrepresented as routine management, as seen with Apollo Global Management's redemption caps.
Business
from24/7 Wall St.
2 weeks ago

Wall Street's Own Stock Is Getting Hammered on Reddit and Here's What Investors Are Missing

Morgan Stanley capped redemptions at its North Haven Private Income Fund after investors requested withdrawals of nearly 11% of shares, returning only 45.8% of tender requests, triggering bearish sentiment and comparisons to broader private credit market concerns.
Business
from24/7 Wall St.
2 weeks ago

BlackRock Won't Let Billionaires Cash Out of Its $26B Fund. That Should Worry Everyone.

BlackRock's HPS Corporate Lending Fund gates redemptions after requests exceed its 5% quarterly cap, triggering market concerns about illiquid asset valuations and contagion risk across the private credit industry.
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