RE: Private credit in crisis: BlackRock limits redemptions to 5%, Blackstone at 7.9%, Blue Owl loses 10% in one day
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It's difficult to do business in this uncertainty, and I imagine many don't want to resort to banks and are looking for these options, but the problem is running out of liquidity and suffering the consequences—a very complicated situation.
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If you are in need of money and can't then via bank, they are not that bad, the problem is if you are an investor...