Private-Equity Selloff Deepens as Redemption Caps Roil Markets
Shares in KKR, Blackstone and other private-equity peers fell after Partners Group capped withdrawals from its Global Value SICAV fund, rekindling fears about liquidity and asset quality in private markets; Carlyle and KKR dropped more than 5% and 4% respectively, Blackstone and Ares slid about 4%, and Partners Group tumbled over 16% to a 52-week low as redemption requests neared 10% and the cap was set at 5% of net asset value.
