Morgan Stanley limits private credit fund withdrawals
Morgan Stanley limited redemptions at its private credit fund after withdrawal requests hit eleven percent. The move follows similar curbs at other major firms.
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Morgan Stanley has restricted redemptions at its primary private credit fund following a surge in withdrawal requests that reached nearly 11% of shares outstanding. According to a regulatory filing released on Wednesday, the North Haven Private Income Fund (PIF) faced significant pressure as investors re-evaluated their positions in the $2 trillion private credit market.
