Private Credit Fund

Blackstone Inc.’s publicly traded private credit fund saw its profit drop 94% in the second quarter due to a decline in the value of its holdings. Despite the major drop, the performance of the loans remained stable.

Morgan Stanley is blocking most withdrawals from its $7 billion private credit fund. Investors sought to pull 11.6% of units in the second quarter, but the fund will honor less than half of those requests.

Apollo is limiting withdrawals in its main retail-focused private credit fund after exit requests reached 17%, sparking renewed concerns about liquidity in the private credit market.

Blackstone has limited withdrawals from its flagship private credit fund as redemption requests reached $4.5 billion in the second quarter. The surge in redemptions reflects growing concerns within the private credit sector.

The US Department of Justice is probing the valuations of BlackRock's Private Credit Fund. The investigation is focused on the fund's valuation practices. BlackRock is a major investment management firm.

KKR has invested $300 million into a private credit fund, indicating a significant commitment to the asset class. This investment suggests KKR's confidence in the private credit market. The move is expected to have implications for the firm's portfolio and the broader financial landscape.

Flow Capital plans to tokenize its $150 million private credit fund using DigiFT to raise additional capital. However, cryptocurrency executives caution that tokenization does not inherently increase the liquidity of illiquid assets.

Hong Kong-based Flow Capital plans to tokenize a $150 million private credit fund and aims to raise an additional $30 million in tokenized shares by year-end, according to Bloomberg.

Ares Management, a private equity firm based in Los Angeles, plans to launch a smaller private credit fund following the success of its predecessor fund. The firm's move comes after achieving record performance with its previous fund.