KKR's K-FITS received requests just above its limit but will pay them all using available cash. K-FIT also met requests in full, and new investments exceeded repurchases, leaving pressure without a clear change for KKR.
The funds paid every withdrawal request, and one had more new investments than repurchases. Still, requests slightly exceeded the limit at K-FITS, and other private credit funds faced withdrawal pressure. Together, the report points to pressure but does not clearly change KKR's business outlook.
Blackstone's flagship private credit fund faced requests to withdraw about 10% of its shares, twice its 5% quarterly limit, similar to the prior quarter. Its president expects confidence to return, but the repeated requests point to continuing pressure.
Blue Owl's largest technology lending fund received requests to withdraw 39% of its shares. Requests at another fund eased from 18.8% to 16.8%, but that decline does not erase the pressure at its largest fund.
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