WASHINGTON (March 10, 2026) – Redemption requests are surging at major private credit funds which is raising new questions about liquidity and transparency. Firms including BlackRock and Blue Owl recently faced large investor withdrawal requests, with some funds choosing to limit redemptions amid concerns about the $2 trillion private credit market.
Michael Rand, Assistant Dean for Business and Finance Law at the George Washington University Law School, can offer insight into these headlines. In a recent paper, Private Credit’s Public Consequences, Rand and co-author Melinda Roth analyze the rapid growth of private credit and how that growth has shifted financial risk across different markets, with particular risk for liquidity-sensitive retail investors.
Their work highlights how certain aspects of private credit, such as securitization and the anticipated increase of retirement account capital, could expose certain vulnerabilities in the industry. In their paper, Rand and Roth outline policy and statutory solutions aimed at addressing these concerns.
To schedule an interview with Rand, please contact Claire Sabin at claire [dot] sabin
gwu [dot] edu (claire[dot]sabin[at]gwu[dot]edu).
-GW-