Partners Group Caps $8.6 Billion Fund Withdrawals as KKR, Blackstone Shares Slide 4%
Updated
Updated · CNBC · Jun 3
Partners Group Caps $8.6 Billion Fund Withdrawals as KKR, Blackstone Shares Slide 4%
3 articles · Updated · CNBC · Jun 3
Summary
Partners Group limited redemptions in its $8.6 billion Global Value SICAV fund to 5% of net asset value after withdrawal requests reached 9.8%, intensifying scrutiny of private-market pricing.
Shares reacted sharply: Partners Group fell more than 16% to a 52-week low, while KKR dropped over 4%, Blackstone and Ares lost about 4%, and Blue Owl and Carlyle slid more than 3%.
CEO David Layton told Bloomberg that redemption pressure first seen in private credit is now spreading into other asset classes, widening concern beyond a single fund.
The fund accounts for about 4.8% of Partners Group's assets, but the move echoes recent redemption curbs by several U.S. private-equity firms as retail investors worry about liquidity mismatches and weakening asset quality.