News AnalysisBlue Owl Capital’s decision to restrict withdrawals from one of its retail investor funds has renewed concerns about liquidity strains in the multi-trillion-dollar private credit market, raising questions about whether isolated stress could become a systemic issue.Market JittersThe development follows recent turbulence in credit markets, including the bankruptcies of subprime auto lender Tricolor and auto parts supplier First Brands Group. At the same time, a Moody’s report warning about U.S. banks’ growing exposure to private equity and private credit has heightened anxiety over potential contagion risks.





