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Cliffwater caps withdrawals at $31bn private credit fund

privateequitywire

3 weeks ago

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Cliffwater has restricted investor withdrawals from its flagship $31bn private credit fund after redemption requests climbed to 17% in the second quarter, highlighting intensifying pressure across the private credit industry, according to a report by the Financial Times.
The firm limited redemptions to 5% of outstanding shares – equivalent to roughly $1.6bn – after investors sought to pull more than $5bn from the vehicle. The latest figures mark an increase from the prior quarter, when redemptio...

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