Morgan Stanley Fund Sees High Third Quarter Withdrawals
Withdrawal requests at a Morgan Stanley private credit fund remained elevated at 11.4 percent in the third quarter. The fund will repurchase five percent of its shares as it works through a backlog of unfulfilled redemption requests from previous quarters.
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Investors in a MORGAN STANLEY private credit fund requested withdrawals for 11.4% of shares during the third-quarter repurchase offer. This redemption level compares with 11.6% in the prior period as the vehicle works through its queue. The fund will repurchase 5% of shares, adhering to the standard threshold for direct lending products.
