# Wells Fargo said its exposure to private credit firms was approximately $36.2 billion in Q1, with software companies accounting for 17%.

*business · news · 2026-04-14 · Benzinga*

## Key points

- Wells Fargo reported $36.2 billion in private credit exposure in Q1, with 17% in software.
- Citigroup's private credit exposure is $22 billion, with minimal loans to BDCs.
- Blue Owl capped fund redemptions at 5% after withdrawal requests reached up to 41%.
- Congress has requested detailed disclosures on private credit from major private equity firms.
- Morgan Stanley, BlackRock, and JPMorgan have also recently limited investor redemptions due to market concerns.

**Companies:** Wells Fargo, Citigroup, JPMorgan Chase, Morgan Stanley, BlackRock, Apollo Global Management, KKR & Co., Carlyle Group, Blue Owl Capital
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/private-markets/26/04/51818025/wells-fargo-reports-36-2-billion-in-private-credit-exposure-as-wall-street-scrutiny-intensifies)

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