Banks are detailing their private credit exposure to boost transparency amid questions from investors. Executives from national and regional banks faced questions during first-quarter earnings calls this month around private credit exposure following a wave of withdrawals of funds by investors, commonly referred to as redemption requests, and increased scrutiny in the wake of rising defaults, limited transparency and instances of fraud. Blue Owl and Apollo Global Management, for example, received billions of dollars in redemption requests that surpassed each firm’s […]
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