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Apollo限制了一家$25B 私募信贷基金的投资者提现
投资者想要提取11%,但只被允许提取5%。
这是私募信贷基金和非流动性贷款中显现的流动性错配
他们无法足够快速地卖出资产
所以他们限制提现
这不仅仅是Apollo,这是系统性的
Blackstone、BlackRock、Blue Owl也面临类似压力
银行正在收缩放贷
所以整个1.8万亿美元私募信贷市场受到审视
Apollo对此提出了警告,CEO表示私募信贷中"洗牌即将来临"
这个风险主要存在于私募市场
不是存放在有存款的银行资产负债表上
但这确实是一个警告信号,不是崩溃,而是
流动性收紧
投资者变得紧张
信贷中出现裂缝