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New quarter redemption window opens, the US private credit market redemption storm strikes again

MarsBitNews
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Mars Finance News, June 5th, as the new redemption window for the quarter opens, the redemption storm in the U.S. private credit market has struck again. Several leading institutions have successively disclosed record-breaking redemption requests, and the market's confidence in this $1.8 trillion industry is far from over. Among them, Blackstone BCRED's redemption application reached 10%, a new high and again hit the 5% cap; Cliffwater's flagship fund redemption ratio increased to 17%; Partners Group was forced to block exit channels. Fitch data shows that private credit default rates have risen to a historic peak of 6%, and PIMCO warns that a persistent credit default cycle has begun. The private credit industry is overly concentrated in software assets, and the disruptive impact of artificial intelligence is putting this sector under revaluation pressure. PIMCO Chief Investment Officer Daniel Ivascyn warned that "a sustained credit default cycle has begun for the first time in years."
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