00:00It's Benzinga bringing Wall Street to Main Street.
00:02Private credit stocks extended their decline last week after Morgan Stanley became the latest
00:07company to restrict investor withdrawals, according to Benzinga. Blue Owl Capital fell
00:12to $8.47 from its all-time high of $27. Apollo Global dropped to $118.30 from its record high
00:21of $190, while Aries Management declined to $109 from its high of $201. The sell-off followed
00:30Morgan Stanley's decision to limit redemptions at its $7 billion private credit fund for the second
00:36time, as investors sought to withdraw nearly 11.6% of outstanding units. BlackRock, Blackstone,
00:43Apollo, and Blue Owl have also limited withdrawals in recent months. Analysts remain optimistic about
00:49the industry's long-term growth, but expect near-term pressure from defaults, weak returns,
00:54and competition. For all things money, visit Benzinga.com.
Comments