00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Private credit stocks have fallen this month, with Apollo Global dropping to 121 from a high
00:08of 143th-ish last month, even as redemption requests at major funds showed early signs
00:13of easing, according to Benzinga. Blue Owl Capital fell 27% from its August high,
00:18and Blackstone fell to $118 from the August high of $150.
00:24Aries and KKR also retreated. Aries management's withdrawal requests fell to 13%,
00:2913.1% of shares in the third quarter from 14.4% in the second quarter, while Apollo and
00:35BlackRock's
00:36HPS also reported lower redemptions. The industry is also facing rising U.S. Treasury yields and
00:41concerns about exposure to the AI sector. Blue Owl, Apollo, and Blackstone have financed major
00:47data center and AI projects, and an estimated $68 billion in data center projects have been
00:53delayed or disrupted this year. The companies have continued to report revenue growth.
00:58For all things money, visit Benzinga.com.
