Cliffwater LLC just became the latest to come under pressure, with its US$33 billion flagship private credit fund facing redemption requests. Meanwhile, the Financial Times reported that JPMorgan Chase & Co has told private credit lenders that it marked down the value of some loans. Just days before that, Blackstone Inc allowed investors to redeem a record 7.9% of shares from its flagship fund, known as BCRED. But “if you’re in the more problematic loans, whether they’re private or traded bank loans, then it’s going to be very difficult for that borrower to refinance themselves,” he said. Pimco has been among the early critics of private credit.

Source: The Edge Markets March 11, 2026 07:56 UTC