In the past months, French private credit funds linked specifically to the real estate sector, Known as SCPIs, have faced a huge wave of withdrawals. Eight of these funds manage assets worth 10 billion euros. And they have already received redemption requests totaling 2.8 billion euros. To put the issue into perspective regarding those redemptions requested (and, for the most part, frozen) at the end of March 2026, just consider that in the same period of 2022, the figure was only 143 million euros.