Retail Investing

SEC zeroes in on private funds valuations

Examiners ask about funds by name in opening requests. Enforcement has picked up the scent, too, Private Funds CFO has learned.

Wellington to manage semi-liquid funds holding Blackstone, Vanguard investments

Geared to private wealth clients, the end funds will combine public and private assets and have limited distribution at first.

BDC redemption requests in Q2: more of the same, if not worse

The trend among retail investors that started in Q1 accelerates, on average, and involves many of the same large fund managers.

Apollo caps redemptions from flagship non-listed BDC

Apollo Debt Solutions saw gross outflows of $400m for the second quarter of 2026.

Moodys shifts outlook of Blackstone, Golub public BDCs to negative

Both BDCs will retain their investment-grade ratings despite the pessimistic near-term outlook.

European lenders prepare for influx of retail investment

European managers say that changes to fund structures are only the beginning of the continent’s retailisation trend.

Blackstone’s Gray: Negative news doesn’t invalidate semi-liquid structure

The firm’s chief operating officer told a Moody’s conference, however, that ‘if you need the money to live on, it’s not appropriate’.

Stress in private credit funds is stalling efforts to widen retail access

Runs draw down political capital, as examiners step up focus on disclosures, possible conflicts and valuation of funds.

Jirí Król: Changing retail investors’ attitude to liquidity

Alongside performance and credit quality, liquidity has emerged as an equally important consideration, writes the global head of the Alternative Credit Council.