Tag: blackrock
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The Liquidity Illusion — and the Patience Premium: What the Blue Owl Redemption Debate Reveals About Private Credit
For more than a decade, private credit funds have been marketed as a stable alternative to the volatility of public markets. Investors were told they could earn equity-like returns with bond-like stability, while accessing investments traditionally reserved for institutions. What many investors did not fully appreciate, however, was the structural tension embedded within these vehicles:…