Breaking: Blackstone just restricted withdrawals from its $77 billion private credit fund for the second consecutive quarter
They have only returned 50% of investors request Companies capping withdrawals: • Blackstone • Blue Owl Capital • Apollo Management • Ares Management • BlackRock • Starwood Capital Source: Michael Burry Stock Tracker
The SEC has launched an investigation into the trading of Leopold Aschenbrenner's Situational Awareness fund, per NYT.
The SEC sent subpoenas to multiple banks who gave Situational Awareness money to trade with, asking for details about the timing of trades and how Situational Awareness communicated with lenders. Source: Trend Spider
Wall Street has been buying Leopold Aschenbrenner's book
• Nebius $NBIS *Goldman Sachs disclosed a 10.5% in August • SanDisk $SNDK *Jane Street disclosed a 5% stake in August • Core Scientific $CORZ *Citadel disclosed a 6.5% stake in August • CoreWeave $CRWV *Magnetar holds 14.9%, Goldman holds another 8.1% • Applied Digital $APLD *Jane Street disclosed a 7.1% stake in May • IREN $IREN *Bank of America disclosed a 5.8% stake in June His Q2 13F is due in 3 days and his updated holdings will be public Source: Leopold Stock Tracker
Prediction markets are bigger than stock trading with some brokerages.
Source: Wall Street Mav
Hedge funds face demands to stump up collateral as AI stocks tumble
FT Exclusive: Wall Street banks have asked funds heavily concentrated in certain industries to provide additional collateral, highlighting the mounting fears about the scale of losses across several popular strategies Wall Street banks have demanded more collateral from hedge funds in recent weeks as a rout in AI stocks accelerates and triggers heavy losses across several popular strategies. Banks asked funds whose holdings are heavily concentrated in certain industries to provide additional collateral to keep their existing levels of leverage, according to four people familiar with the matter. The collateral demands highlight the mounting fears on Wall Street about the scale and speed of the sell-off in AI stocks over the past fortnight, which has upended a rally in a sector favoured by many funds. Source: Financial Times
Cracks are widening in the $2 trillion private credit market.
Blue Owl Capital has fallen 56% over the past year, significantly underperforming major private credit peers. The decline reflects rising investor concerns, as redemption requests at its two largest private credit funds reached $4.7 billion in Q2, exceeding quarterly withdrawal limits. Its technology-focused fund faced particularly heavy pressure, with 38% of investors seeking to exit. The trend extends across the private credit industry, where record redemption requests totaled $15.6 billion in Q2, but only 38% were met, leaving $9.7 billion outstanding. These developments highlight growing liquidity risks, suggesting private credit may be entering its most challenging stress test yet. Source: Global Markets Investor
Here are the top 10 most valuable European private tech firms, that are yet to be acquired or go public
Data as of 29 June 2026 Source: Sebastiaan Vaessen, X Multiples
Hedge funds are all in on the semis long trade.
Source: JPM
