** Shares of U.S. asset managers fall premarket after Switzerland's Partners Group said it is capping withdrawals from an $8.6 bln PE fund amid elevated redemption pressure

** KKR KKR.N down 4.7%, Blue Owl Capital OWL.N down 2.4%, Blackstone BX.N off 3.4%, Ares Management ARES.N down 2.2%, Carlyle Group CG.O down 1.2%

** Partner Group's shares PGHN.S plunged almost 18% after it said total net redemption requests submitted for Q2 exceeded 5% of the net asset value of the Partners Group Global Value SICAV, the underlying fund of the Partners Group Global Value Fund

** Separately, investors in a $31.3 bln private credit fund managed by Cliffwater submitted requests to withdraw 17% of shares in Q2, but redemptions have been capped at 5%, according to media reports

** S&P 500 Asset Management & Custody Banks Index .SPLRCAMCB down 5.6% YTD