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Step Aside Private Credit: Partners Group Is First Private Equity Fund To Gate Investors
Step Aside Private Credit: Partners Group Is First Private Equity Fund To Gate Investors
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.
The Swiss firm, one of Europe’s largest listed alternative asset managers, said its $8.6 billion Global Value SICAV fund was limiting redemptions to 5% of net asset...
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Following stellar equity trading results from Goldman and JPMorgan, this morning Bank of America reported that its traders also pulled in the business’s highest quarterly revenue in more than a decade, riding a wave of volatility that pushed the firm’s stock-trading desk to an all-time record. Bank of America said Q1 profit rose 17% from a year earlier, while net income came in at $8.58 billion. That amounted to $1.11 a share, above...
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