Ares is the latest private credit player to limit withdrawals after investors ask to redeem their money

CEO of Ares Michael Arougheti

PATRICK T. FALLON/AFP via Getty Images

• Investors in an Ares' private credit fund asked for 11.6% of their shares back in the first quarter.
• The firm limited redemptions to 5%, citing its design and plan to continue investing.
• Ares joins competitors Blue Owl, Blackstone, and Apollo in having increased withdrawal requests.

Ares is the latest private credit fund limiting payouts to investors following a record spike in attempts to withdraw money.