Cliffwater Investors Seek to Withdraw 17 Percent of Fund
Investors in the 31.3 billion dollar Cliffwater Corporate Lending Fund requested to withdraw 17 percent of shares during the second quarter. The firm capped redemptions at 5 percent as wealthy individuals increasingly seek to pull capital from private credit assets amid valuation concerns.
Investors in the $31.3 billion Cliffwater Corporate Lending Fund requested to withdraw 17% of shares during the second quarter. Redemption requests rose from 14% in the first quarter, while Cliffwater capped actual payouts at 5%. The increase in withdrawal demands follows broader market concerns regarding asset valuations and the impact of artificial intelligence on software borrowers.
