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Apollo, Blackstone and Blue Owl have all been forced to block client redemptions.
Goldman Sachs' private credit fund met all Q1 withdrawal requests, totaling 4.99% of shares.
KEY POINTS
- 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
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