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Private Credit’s Angry Retail Clients Are Showing Its Limits
Private credit managers are feeling sheepish. Some of their investors can’t get their money out as quickly as they’d like — and some may be quite angry about that. Cue the tentative non-apologies for any misunderstandings people had about getting their cash back. “Between us, and the advisers who sell our products, I don’t think we made it clear enough,” Doug Ostrover, co-chief executive officer at Blue Owl Capital Inc., told a conference in Australia on Thursday.