Thị trường tín dụng tư nhân tại Hoa Kỳ đối mặt với làn sóng rút tiền gia tăng khi quý mới bắt đầu

The Huoxing Finance report states that on June 5, with the opening of the new quarter’s redemption window, another wave of redemptions swept through the U.S. private credit market. Multiple leading institutions have disclosed record-breaking redemption requests, and the market’s confidence in this $1.8 trillion industry is far from being tested. Among them, Blackstone’s BCRED redemption requests reached 10%, setting a new record and hitting the 5% cap; Cliffwater’s flagship fund saw its redemption ratio rise to 17%; and Partners Group was forced to close its exit channels. Fitch data shows that default rates in private credit have climbed to a historical high of 6%, while PIMCO warned that a sustained credit default cycle has begun. The private credit industry is overly concentrated in software assets, and the disruptive impact of artificial intelligence is now putting this sector under revaluation pressure. PIMCO’s Chief Investment Officer, Daniel Ivascyn, warned: “A sustained credit default cycle has begun for the first time in many years.”