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Ares Private Credit Fund Tanks After Gating - Biggest Loss Ever

Source: zerohedge.com

One day after restricting withdrawals, Ares' private credit fund suffered its worst monthly loss in history.
The fund dropped 6.4% in September amid market turmoil and rising defaults.
This highlights risks in private credit, with investors now locked in during a downturn.

Ares Management's flagship private credit fund posted a massive 6.4% loss in September, the biggest monthly drop ever, just one day after the firm gated redemptions to stem outflows. Former Goldman Sachs CEO Lloyd Blankfein commented on the turmoil, noting private credit's vulnerabilities. The story exposes cracks in the booming private credit sector as high interest rates trigger defaults and liquidity crunches. Readers should care because trillions in private credit underpin pensions and inves