Blackstone (BX), Ares Management (ARES), Apollo Global Management (APO), BlackRock (BLK), Blue Owl Capital (OWL), The Carlyle Group (CG) and KKR (KKR), are facing inquiries from Democrats on the House Financial Services Committee over how they market, value and manage private-credit investments, Bloomberg reported late Tuesday, citing people familiar with the matter.

The inquiries focus on sales practices, leverage, fees, audits, incentives and risk management tied to private-credit vehicles such as business development companies, the report said.

Lawmakers are increasing scrutiny of the roughly $1.8 trillion private-credit market, the report said, following redemption limits at some funds and concerns about borrower stress, including the use of payment-in-kind interest structures.

Blackstone, Ares Management, Apollo Global Management, BlackRock, Blue Owl Capital, The Carlyle Group and KKR did not immediately respond to MT Newswires' request for comment.

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