# Apollo, Blackstone and Blue Owl have all been forced to block client redemptions.

*business · news · 2026-04-07 · City A.M.*

## Key points

- Goldman Sachs' private credit fund met all Q1 withdrawal requests, totaling 4.99% of shares.
- Rivals Apollo, Blackstone, and Blue Owl blocked redemptions after exceeding the industry-wide 5% withdrawal limit.
- Goldman's lower redemption rate is attributed to a higher proportion of institutional versus retail investors.
- Annual performance of Goldman's fund dropped from 1.3% last year to 0.4% this year.
- Private credit funds face scrutiny due to AI's disruptive impact on SaaS firms and loan repayment concerns.

**Companies:** Goldman Sachs, Apollo, Blackstone, Blue Owl
**Countries:** United States, United Kingdom

[Read the full story on City A.M.](https://www.cityam.com/goldman-sachs-flagship-private-credit-fund-bucks-industry-sell-off/)

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