Cliffwater Private Credit Fund Sees 17% Redemption Requests, Limits Withdrawals
Cliffwater Private Credit Fund, with $33 billion in assets, faced a 17% redemption request rate, prompting it to limit withdrawals as record outflows resumed.
The Cliffwater Private Credit Fund, a $33 billion vehicle, has again experienced record outflows, receiving redemption requests totaling 17% of its net asset value. In response, the fund has imposed restrictions on investor withdrawals.
This marks a renewed wave of capital flight from the fund, which had previously faced similar pressures. The exact measures taken to curb outflows were not detailed in the report.
Source: MarketTwits