Partners Group

The former Vermont Yankee nuclear power plant site in Vernon, closed in 2014 with over 100,000 tons of nuclear waste, is being considered for redevelopment by PowerTransitions. Potential projects include a data center, battery storage, or a small-scale nuclear reactor. NorthStar is decommissioning the site, while Vermont's regulatory process (Act 250) could delay approvals for years.

Elon Musk’s SpaceX is targeting retail investors. The article also references redemption issues at Partners Group and mentions shorting call centre stocks and Le Parc at Tate Modern.

Private credit withdrawal requests for Blackstone and Cliffwater's funds reached 10% and 17% this quarter, respectively, with both capping redemptions at 5%. Partners Group also limited payouts as redemption requests rose. Default rates have increased, and concerns about AI-related loans to software companies persist, though most financiers do not anticipate a crisis.

Partners Group warned it may cap capital withdrawals from more funds following a European gating that triggered a private equity stock sell-off. The company's potential action comes after a sell-off in private equity stocks occurred on Wednesday.

U.S. private markets firms KKR, Ares, and Blackstone fell in premarket trading as Partners Group's decision to cap private equity fund withdrawals raised concerns over redemption pressure.

Partners Group, a Swiss private capital firm, has limited withdrawals from its $8.6 billion flagship private equity fund. The firm is capping redemptions for wealthy individuals investing in the vehicle.