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Private credit non-traded BDCs see first ever net outflows

privateequitywire

2 months ago

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Non-listed business development companies (BDCs) investing in private credit recorded their first-ever quarter in which investor redemptions exceeded new capital raised, according to a report by Bloomberg citing data from Robert A Stanger.
The figures show that non-traded private credit funds returned approximately $7bn to investors in the first quarter while raising around $5bn, resulting in net outflows across the segment.
Stanger chief executive Kevin Gannon said the shift reflects a broader...

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