Morgan Stanley limits private credit fund redemptions

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Morgan Stanley limits private credit fund redemptions

privateequitywire

3 months ago

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Morgan Stanley has limited redemptions at one of its private credit funds after investors sought to withdraw almost 11% of shares outstanding, according to a report by Reuters citing a regulatory filing.
In a letter to investors, the firm said its North Haven Private Income Fund (PIF) returned about $169m – roughly 45.8% of tender requests – for the quarter. Morgan Stanley said it would fulfil tender requests equivalent to 5% of units outstanding as of 31 December.
The firm said limiting withdra...

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