Investors asked to take out $19.5 billion from private credit direct lending funds in the first quarter, according to a Business Insider analysis of SEC filings. However, firms only paid out 53% of requests, or $10.4 billion, across the 17 investment vehicles Business Insider analyzed. Nine funds decided to cap investor withdrawals to the maximum amount they are required to pay out per quarter (either 5% or 7%). These redemptions are a sign of faltering confidence among some investors in non-