1. Ares Private Credit Fund Posts Record Monthly Loss After Gating, Blankfein Warns of 'Reckoning'
Just one day after imposing redemption gates, the Ares Strategic Income Fund has posted its steepest monthly loss on record, signaling a rapid and severe decompression within the $1.8 trillion private credit market. The fund, a non-traded business development company, lost 0.68% in February, marking its worst monthly p...