Most investors expect BDC redemption requests to increase in Q2, JPM survey shows

Blue Owl Capital

09/06/2026 16:00

** Roughly 85% of investors believe total Q2 redemption requests across non-traded U.S. business development companies will be greater than Q1, according to a J.P. Morgan survey  
** Q2 redemption windows at key U.S. non-traded BDCs began closing last month, with market participants keeping a close eye on the rate of withdrawal requests
** JPM analyst Kabir Caprihan surprised that roughly 15% of investors believed redemption numbers would be flat sequentially given the noise around the sector
** BDCs are investment vehicles for investors to gain exposure to private credit assets

    ** "While the majority of investors expect redemptions to increase, nearly 50% of that cohort expect redemptions requests to increase slightly or a net increase of 7%, while current new redemption requests have been running higher than 7%," Caprihan says
  
** Oaktree Strategic Credit Fund and Morgan Stanley's North Haven Private Income Fund received the most votes for redemption to be at the high end of the options provided - JPM
     

(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))