Morgan Stanley has again capped investor withdrawals from its $7bn flagship private credit vehicle after redemption requests exceeded the fund’s quarterly limit, according to a report by Reuters citing a regulatory filing.
North Haven Private Income Fund (PIF) said it would fulfil 43% of second-quarter redemption requests after investors sought to redeem 11.6% of outstanding units. Around half of requests reportedly came from investors who had been unable to fully exit during the previous quarte...
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