Friday, February 20, 2026 at 9:43 PM
The hedge-fund manager is adding private credit to his crusade against funds sold to individual investors.
The private-markets giant hosted a call to reassure wealth advisers who connect clients to its funds.
The sale raises fears that the industry’s efforts to court individual investors will suffer.
The hedge fund has been speaking to the company and supports CEO Mike Lyons.
A crowded field and subpar returns have frustrated America’s wealthiest universities, some of private-capital firms’ most-loyal clients.
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