🔴 Blackstone Group Inc is trading 4% down as redemption concerns spread across the private equity sector

Blackstone Group Inc is trading 4% down at $110.35 amid a broader selloff in the private equity sector.

• The decline was triggered by news that Swiss asset manager Partners Group capped investor withdrawals from its Global Value SICAV fund after redemption requests surged.
• This has sparked investor fears about growing redemption pressures and liquidity risks spreading to other alternative asset classes and firms, including Blackstone.
• Other major private equity stocks, including KKR & Co (KKR) and Ares Management (ARES), also traded significantly lower on the news.