Investors poured billions into private credit. Now many want their money back

• The recent spike in private credit redemptions highlights the risks in bringing higher-yielding, illiquid assets into the mainstream retail wealth space.
• But Blackstone COO Jon Gray told CNBC that most investors do understand the product.
• Publicly-traded private asset firms have sold off in recent days as the sector traverses multiple challenges.

Source: https://www.cnbc.com/2026/03/05/private-credit-blackstone-blue-owl-kkr-carlyle-retail-wealth-investors-liquid.html