The challenge of retail capital becomes evident

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Private credit fund redemptions have put semi-liquid, evergreen funds firmly in the spotlight. 

The three “Bs” – Blackstone, BlackRock and Blue Owl – have all found themselves at the centre of media coverage focused on investor redemptions. This in turn prompts urgent consideration of the suitability of private credit vehicles – and private market vehicles in general – for what is expected to be an upsurge in commitments from retail investors.