<figure><img src="https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iXFLYIgU5e3s/v8/-1x-1.png"><figcaption><div><p>Source: Bloomberg, 8:50</p></div><div></div></figcaption></figure><p>Investors tried to pull around $13 billion out of private credit funds in the first three months of 2026, forcing many big firms to enforce limits on withdrawals. Private credit firms have spent years courting retail investors, as the industry has grown into a $1.8 trillion market. So what&#x2019;s changed? Our Managing Editor for private companies&#x2019; coverage Neil Callanan joins Stephen Carroll to discuss.</p>

Investors tried to pull around $13 billion out of private credit funds in the first three months of 2026, forcing many big firms to enforce limits on withdrawals. Private credit firms have spent years courting retail investors, as the industry has grown into a $1.8 trillion market. So what's changed? Our Managing Editor for private companies' coverage Neil Callanan joins Stephen Carroll to discuss.

Here's Why Retail Investors Are Fleeing Private Credit

One story that matters each week, explained in five minutes.

Here's Why

hero