Chicago Atlantic is launching a new strategy targeting private credit opportunities in emerging markets, aiming to capitalise on growing demand as some investors reduce exposure to similar US-based funds, according to a report by Bloomberg.

Moody’s Ratings has revised its outlook on a major credit vehicle managed by Blue Owl Capital to negative, pointing to a surge in investor redemption requests during the first quarter, according to a report by Reuters.

Barings has become the latest firm to limit withdrawals from a private credit fund, capping shareholder redemptions from the $4.9bn Barings Private Credit Corp (BPCC) at 5% after first-quarter requests surged to 11.3%, according to a report by Reuters.

Private credit major Blue Owl Capital saw its shares fall to a record low on Monday, extending a multi-week slide driven by growing unease over the $1.8tn private credit market, according to a report by Bloomberg.

Goldman Sachs’ reliance on longer-term institutional investors has helped its $15.7bn private credit fund weather the retail-driven withdrawals affecting much of the sector this year, according to a report by Bloomberg.

Blue Owl has moved to limit withdrawals from two of its funds after receiving elevated redemption requests in the first quarter, as investor sentiment towards private credit – particularly technology-focused strategies – weakened, according to a report by Reuters.