“The disease is spreading across private markets asset classes. There is presumably a case to trim earnings expectations on contracting AUMs.”

The private credit gating-gate is spilling over to private equity.  Partners Group Holding AG has capped withdrawals at one of its evergreen private equity funds amid heightened redemption pressure, as the investor anxiety that hit private credit vehicles is now spilling over to other asset classes within private markets, Bloomberg reported.

https://www.zerohedge.com/markets/step-aside-private-credit-partners-group-first-private-equity-fund-gate-investors

AND STILL ONGOING:

Cliffwater Private Credit Fund Gates Investors For Second Straight Quarter After Redemption Requests Soar To 17%

https://www.zerohedge.com/markets/cliffwater-private-credit-fund-gates-investors-second-straight-quarter-after-redemption