MS · News · 20260923N

Private Credit Redemption Pressure

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

Elevated redemption requests are affecting private credit funds, including funds managed by Morgan Stanley, according to third-party reporting. Apollo Global Management's $26 billion Apollo Debt Solutions BDC capped withdrawals at 5% of outstanding shares for the third consecutive quarter. The report did not disclose the size of Morgan Stanley's redemption requests, any applicable withdrawal limits, or a quantified financial impact.

Key facts

• Morgan Stanley's private credit funds are among private credit funds experiencing redemption pressures, as pressures are "also seen in other private credit funds like Morgan Stanley's and Blackstone's." source