Dossier
default rates
Coverage of default rates in the Nexus archive.
- Private credit withdrawals spike
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.