Lates News

Morgan Stanley's private credit fund with a scale of $7 billion has set a limit for investor redemption at 5%, only allowing redemption of less than half of the second quarter redemption requests. The "North Haven Private Income Fund" stated in a letter on Tuesday that investors have requested to redeem 11.6% of their holdings in the second quarter, up from 10.9% in the first quarter. In the approximately $1.8 trillion private credit market, overall redemption requests have increased this quarter due to many funds already limiting complete exits in the previous quarter. The fund mentioned in the letter that over half of the redemption requests in the second quarter came from investors who were unable to fully redeem their funds in the previous three months.