Blackstone is restricting withdrawals from its flagship Blackstone Private Credit (BCRED) fund following a spike in investor redemption requests, as fears over liquidity pressures rattled private markets. The asset management giant capped investor withdrawals from the $79 billion non-traded business development company at 5% of shares, after redemption requests hit 10% during the second quarter. …
Partners Group is prepared to restrict investor withdrawals across more of its funds, the Swiss private markets giant said Thursday, after capping redemptions in one of its European vehicles following a surge in exit requests. The Zurich-listed fund manager warned that the spike in client withdrawals that upended private credit markets this year now appears …
Broadcom posted strong quarterly results after the bell on Wednesday, but didn’t provide enough upside to its guidance to move the stock higher. Revenue in the fiscal second quarter of 2026, which ended May 3rd, was $22.19 billion, a slight miss versus the $22.27 billion consensus forecast, according to estimates compiled by LSEG. On an …
Shares in KKR, Blackstone and other sector peers tumbled on Wednesday after Switzerland’s Partners Group moved to restrict investor withdrawals from one of its funds, stoking fresh fears over private market valuations. Shares in KKR were last seen 6.8% lower before the open, while Blackstone was down 5.2% and Ares Management dropped almost 6.7%. Blue …
Check out the companies making the biggest moves premarket: Private equity firms — The group fell after Bloomberg News reported Partners Group, a Swiss-based private equity firm, capped withdrawals from one of its private equity funds. Blackstone fell 6%, while KKR tumbled more than 5.5%. Blue Owl Capital was off nearly 4%. Palo Alto Networks …
The Blackstone headquarters in New York, US, on Wednesday, July 17, 2024. Bloomberg | Bloomberg | Getty Images Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region. The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10 …
Investors looking for stability amid the market volatility should consider a diversified portfolio of dividend stocks, according to ClearBridge Investments’ Michael Clarfeld. The S & P 500 rose to a fresh record on Monday even as oil jumped on concerns over the Iran war. Iranian state media reported the country stopped negotiations with the U.S. …
Defaults in the highly opaque corner of finance known as private credit are expected to increase after hitting record highs in April, and some money managers are warning that retail investors may not be insulated from the fallout. The combination of ascendant artificial intelligence models, rising inflation and higher interest rates is weighing on the …
Defaults in private credit have been reaching record highs, and fund redemptions have exceeded inflows in some of the sector’s riskiest segments. But the troubles in private equity could be just getting started as yields in bond markets around the world climb to the highest level in years, forcing loan refinancings at higher rates. The …
Check out the companies making headlines before the bell: Home Depot — The home improvement retailer gained 0.6% after the company reported sales and profit beat expectations. Earnings of $3.43 per share, on an adjusted basis, exceeded the $3.41 per share analysts polled by LSEG were expecting. Revenue of $41.77 billion came in above the …