Private capital firms are increasingly struggling to manage the liquidity of their $1.3 trillion in pooled assets, as market volatility and regulatory pressures intensify.
Bloomberg reports that firms are reevaluating withdrawal policies and facing growing investor concerns over access to capital.
This development comes amid broader market unease over the stability of private markets, with regulators like the Financial Stability Board (FSB) calling for tighter oversight of the sector.
The pressure is most visible in the actions of major players like Partners Group, which has signaled a potential expansion of capital withdrawal restrictions across its funds.
Such measures reflect a broader trend as firms attempt to balance investor demands with the illiquid nature of private assets.
The FSB has also raised alarms about the risks posed by the rapid growth of private credit markets, warning that unchecked expansion could threaten global financial stability.