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Ares caps withdrawals from marquee private credit fund as redemptions mount

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Source: Financial Times
Ares caps withdrawals from marquee private credit fund as redemptions mount
Photo: Financial Times
TL;DR

Ares Management capped redemptions from its $10.7bn Ares Strategic Income Fund at 5% for the quarter after receiving $1.2bn in redemption requests in Q1 and fulfilling about $524m, as private credit funds face rising withdrawals even as new commitments and liquidity persist.

Topics:business#ares-management#asset-management#business#fundraising#private-credit#redemptions
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  1. Ares limits withdrawals from $10.7bn private credit fund  Financial Times
  2. Apollo gives investors only 45% of requested withdrawals from $15 billion private credit fund  CNBC
  3. Apollo Caps Private Credit Fund Withdrawals as Requests Jump  Bloomberg.com
  4. These private-credit funds are giving back less than half the money their investors want  MarketWatch
  5. Wall Street crisis spreads as shadow banks block withdrawals  The Telegraph

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