Investor demand to pull out of private credit have increased yet again in the second quarter from $13.9B to $15.6B. DesĀpite the rising requests, fund manĀagers returned $5.9 bilĀlion in the second quarter, down from the $7.4 bilĀlion they agreed to pay out in the prior period, accordĀing to data from investĀment bank Robert A. Stanger. RedempĀtion requests jumped for most of the big fund manĀagers, includĀing those that were less affected in the first quarter such as: Apollo Global ManĀageĀment $APO , Ares ManĀageĀment $ARES and HPS BlackĀRockās private-credit unit. Blue Owl $OWL , the bellĀwether for selling private-credit funds to indiĀvidual investors, got some relief. RedempĀtion requests for its biggest BDC fell to 19% of shares outĀstandĀing from about 22%.
