Ares is the latest private credit player to limit withdrawals after investors ask to redeem their money

Ares is the latest private credit fund limiting payouts to investors following a record spike in attempts to withdraw money. Investors requested to redeem more than 11% of shares in Ares Strategic Income Fund this quarter, and the firm decided to cap payouts at 5%, according to a filing with the Securities and Exchange Commission. The fund's net value is $10.7 billion as of February 28, with a total portfolio value of $22.7 billion.Investors looked to withdraw more than $1.2 billion in the quarter, with the ...