Private credit anxiety weighs on private equity, asset manager stocks

[Financial market chart showing downward trends with red candlesticks and graphs on a dark background. Concept of stock market crisis. 3D Rendering]
peshkov

Stocks of asset managers and private equity firms are falling in Thursday afternoon trading, pressured by elevated redemption requests that have triggered withdrawal caps at such firms as Morgan Stanley [https://seekingalpha.com/news/4563576-morgan-stanley-private-credit-limits-redemption-amid-growing-credit-market-fears] (MS [https://seekingalpha.com/symbol/MS]) and Cliffwater. [https://seekingalpha.com/news/4563397-cliffwater-private-credit-fund-gets-redemption-requests-totaling-14---report]

For weeks, investors have fretted over AI's impact on software companies. In addition, the broader equity markets are beset by the overall bearish mood reflecting angst over the Iran war.

Earlier, investment firm Glendon Capital Management questioned credit [https://seekingalpha.com/news/4563577-blue-owl-private-credit-valuations-questioned-by-glendon-ft] valuations at private credit funds at Blue Owl Capital Inc. (OWL [https://seekingalpha.com/symbol/OWL]) and several of its peers, the _Financial Times _reported.

Invesco Global Listed Private Equity ETF (PSP [https://seekingalpha.com/symbol/PSP]) fell 1.5%, and the State Street SPDR S&P Capital Markets ETF (KCE [https://seekingalpha.com/symbol/KCE]), which holds some prominent asset manager stocks, slid 2.1%.

Among asset managers, the biggest declines are at Invesco (IVZ [https://seekingalpha.com/symbol/IVZ]) -3.3%, Franklin Resources (BEN [https://seekingalpha.com/symbol/BEN]) -3.6%, Brookfield Asset Management (BAM [https://seekingalpha.com/symbol/BAM]) -3.0%, and Blue Owl Capital Inc. (OWL [https://seekingalpha.com/symbol/OWL]) -2.9%.

In the private equity sector, Ares Management (ARES [https://seekingalpha.com/symbol/ARES]) -5.3%, Apollo Global Management (APO [https://seekingalpha.com/symbol/APO]) -3.8%, Brookfield Corp. (BN [https://seekingalpha.com/symbol/BN]) -3.5%, and KKR (KKR [https://seekingalpha.com/symbol/KKR]) -3.6% are among the largest decliners.

Smaller investment banking and PE firms taking big hits include Jefferies Financial (JEF [https://seekingalpha.com/symbol/JEF]) -6.2%, Lazard (LAZ [https://seekingalpha.com/symbol/LAZ]) -5.7%, Evercore (EVR [https://seekingalpha.com/symbol/EVR]) -5.6%, and Moelis (MC [https://seekingalpha.com/symbol/MC]) -5.3%.

MORE ON BLUE OWL CAPITAL, ARES MANAGEMENT, ETC.

* How Much Further The Blue Owl Capital Knife Could Fall [https://seekingalpha.com/article/4881328-how-much-further-the-blue-owl-capital-knife-could-fall]
* Ares Management Corporation (ARES) Presents at RBC Capital Markets Global Financial Institutions Conference 2026 Transcript [https://seekingalpha.com/article/4881229-ares-management-corporation-ares-presents-at-rbc-capital-markets-global-financial]
* Blue Owl: Historical Growth No Longer Matters; The Value Trap Remains [https://seekingalpha.com/article/4880572-blue-owl-historical-growth-no-longer-matters-the-value-trap-remains]
* Quant ratings roundup for firms exposed to private credit as concerns grow [https://seekingalpha.com/news/4563714-private-credit-stress-grows-as-quant-ratings-turn-cautious-on-several-firms]
* Blue Owl tells investors loan sale had no hidden incentives - report [https://seekingalpha.com/news/4563719-blue-owl-tells-investors-loan-sale-had-no-hidden-incentives---report]