Story perspectives

U.S. Banks Tighten Lending Amid Private-Credit Withdrawal Surge

3/16/2026

Summary

Story summary

Private-credit concerns have driven U.S. banks to tighten lending and curb withdrawals.
As of June 2025, U.S. banks held nearly $300 billion in loans to private-credit providers.
Morgan Stanley's North Haven Private Income Fund restricted redemptions after investors sought to withdraw 11% of shares.
Blackstone's BCRED fund faced a surge in withdrawals, prompting a temporary cap rise.
Blue Owl Capital is selling $1.4 billion in assets to halt redemptions.

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Story summary

Private-credit concerns have driven U.S. banks to tighten lending and curb withdrawals.
As of June 2025, U.S. banks held nearly $300 billion in loans to private-credit providers.
Morgan Stanley's North Haven Private Income Fund restricted redemptions after investors sought to withdraw 11% of shares.
Blackstone's BCRED fund faced a surge in withdrawals, prompting a temporary cap rise.
Blue Owl Capital is selling $1.4 billion in assets to halt redemptions.