Think private credit fears are overblown? Think again, says Deutsche

When people are prevented from withdrawing funds from an investment, that should sound an alarm, says Deutsche Bank, pushing back against heavyweight voices within private credit who have sought to downplay headlines pointing to growing strains within the $2.6 trillion market.

Apollo Global Management this week capped withdrawals from one of its funds after investors tried to redeem the equivalent of 11.2 per cent of the loan book. Rival firm Ares Management followed suit the next day.