Business & Finance
Morgan Stanley Caps Private Credit Fund After 11.6% Exit Request
Key Points
Private Markets Morgan Stanley Caps Private Credit Fund After 11.6% Exit Request A $7 billion private credit fund run by Morgan Stanley is capping investor withdrawals at 5%, allowing less than half of the redemptions shareholders requested in the second quarter. The North Haven Private Income Fund said investors asked to redeem 11.6% of their shares, up from the 10.9% they looked to pull in the first quarter, according to a letter Tuesday.
Private Markets
Morgan Stanley Caps Private Credit Fund After 11.6% Exit Request
A $7 billion private credit fund run by Morgan Stanley is capping investor withdrawals at 5%, allowing less than half of the redemptions shareholders requested in the second quarter.
The North Haven Private Income Fund said investors asked to redeem 11.6% of their shares, up from the 10.9% they looked to pull in the first quarter, according to a letter Tuesday. Withdrawal requests at major funds across the $1.8 trillion market have largely come in higher this quarter, after many moved to block full exits in the prior period.