MS · News · 20260923N

Private Credit Fund Redemptions

MORGAN STANLEY · 2026-09-23 · Importance 20 · Surprise 24

Morgan Stanley is identified among private credit managers experiencing elevated investor redemption pressure, alongside Apollo Global Management and Blackstone. Apollo’s $26 billion Apollo Debt Solutions BDC fund faced elevated redemption requests for the third consecutive quarter and capped withdrawals at 5% of outstanding shares. Despite the broader redemption pressure, Apollo reported $200 million in gross inflows, while Blackstone’s president said confidence in private credit could eventually recover and support renewed inflows.

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