Home Business & Finance Morgan Stanley Caps Private Credit Fund After 11.6% Exit Request
Business & Finance

Morgan Stanley Caps Private Credit Fund After 11.6% Exit Request

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.
Morgan Stanley Caps Private Credit Fund (ORG) Exit Request Private Markets (ORG) Morgan Stanley (ORG) The North Haven Private Income Fund (ORG)
Originally published by Bloomberg Markets Read original →