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Cliffwater, Blackstone Private Credit Funds Cap Redemptions

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Bloomberg's Olivia Fishlow joins Michael McKee on "Bloomberg Real Yield." Cliffwater’s flagship private credit fund again capped redemptions at 5% in the third quarter, after investors sought to pull about 16% of shares. The biggest such BDC, the $77 billion Blackstone Private Credit Fund, disclosed Thursday that it would again cap redemptions at 5%, after its investors sought to redeem 10% of shares.

Bloomberg's Olivia Fishlow joins Michael McKee on "Bloomberg Real Yield." Cliffwater’s flagship private credit fund again capped redemptions at 5% in the third quarter, after investors sought to pull about 16% of shares. The biggest such BDC, the $77 billion Blackstone Private Credit Fund, disclosed Thursday that it would again cap redemptions at 5%, after its investors sought to redeem 10% of shares. (Source: Bloomberg)
Cliffwater (ORG) Blackstone Private (ORG) Bloomberg (ORG) Olivia Fishlow (PERSON) Michael McKee (PERSON) BDC (ORG) Blackstone Private Credit Fund (ORG)
Originally published by Bloomberg Markets Read original →