BLKBLKBlackRock, Inc.
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1 Jul, 14:36

Facing elevated withdrawal requests amid private credit stress

Bearish+26.11%

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PIMCO warns of confidence gap in private credit market with elevated redemption pressure on major asset managers facing withdrawal requests.

PIMCO warns the $1.8T private credit market is developing a “confidence gap” as investors scrutinize manager marks and loan quality, per Bloomberg. PIMCO says continued redemptions could force funds to sell liquid assets and eventually lead to markdowns, secondary-market discounts, or realized losses. $APO, $ARES, $BLK, and $BX are reportedly still facing elevated withdrawal requests in Q2.

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