Oaktree Capital Management has moved to reassure clients that its exposure to software companies and direct lending strategies remains relatively limited, as parts of the private credit market come under increased scrutiny, according to a report by Bloomberg.

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.