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24.03.26 - 04:48
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A Conversation with Gloria Steinem (Bloomberg)
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Writer and feminist organizer Gloria Steinem spoke at a Bloomberg New Voices event in New York about financial independence, establishing her 'talking circles' and the balance of control of assets in a wide-ranging conversation with Morgan Stanley Managing Director Sherry Paul. (Source: Bloomberg)...
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24.03.26 - 03:30
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Apollo Private Credit Fund Is Latest To Gate Investors As KKR Fund Gets Junked By Moody′s (ZeroHedge)
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Apollo Private Credit Fund Is Latest To Gate Investors As KKR Fund Gets Junked By Moody's
Amid the ongoing fracturing of the private credit industry, which after enjoying years of stable, levered growth (and when it ran out of institutional greater fools, it aimed lower, toward HNWs and retail) finally hit a brick wall thanks to the Claude-inspired SaaSpocalypse, which has led to a historic surge in redemption requests across the biggest (and certainly smallest) names in the industry, last week we said that debt funds managed by powerhouse firms including Blackstone, BlackRock, Cliffwater, Morgan Stanley and Monroe Capital have agreed to honor only 70% of the $10.1bn of redemption requests they have faced, according to FT calculations, as fund after fund is gating investors.
We also said that the number of both redemptions and gates is expected to spike over the coming weeks, as funds managed by Ares Management, Apollo Global, Blue Owl, Oaktree and Goldman Sachs tally up how many of their in...
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