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Morgan Stanley private credit fund redemptions remain elevated in third quarter
Investors sought to withdraw 11.4% of shares in the fund, while Morgan Stanley said repurchases will cover the customary 5% and trim net asset value by $101 million.
Sept 18 (Reuters) - Withdrawal requests at a Morgan Stanley private credit fund remained elevated in the third-quarter repurchase offer, according to a regulatory filing on Friday, as the investment vehicle works through its redemption queue. Investor...
Morgan Stanley again limited the withdrawals from its North Haven Private Income Fund of approximately $7 billion after investors applied for repayments equivalent to 11.4% of the shares. The measure, which allows only the standard limit of 5%, is repeated for the third consecutive quarter and reflects persistent pressure on private credit vehicles.