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Morgan Stanley Caps Private Credit Fund After 11.6% Exit Request
Bloomberg.com • • business
Key Points:
- Morgan Stanley's $7 billion North Haven Private Income Fund is limiting investor withdrawals to 5%, permitting less than half of the requested redemptions in Q2.
- Investors sought to redeem 11.6% of their shares in the second quarter, an increase from 10.9% in the first quarter.
- Withdrawal requests have generally risen across major funds in the $1.8 trillion private credit market this quarter.
- Many funds have continued to restrict full exits after previously blocking redemptions in earlier periods.
