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Private Credit Redemption Pressure Intensifies:

hedgeco

1 month ago

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HedgeCo.Net — Cliffwater’s flagship private-credit fund has become the latest flashpoint in the growing liquidity debate surrounding semi-liquid private markets. Investors in the firm’s large corporate lending vehicle reportedly requested redemptions totaling roughly 17% of the fund’s shares in the second quarter, forcing the fund to cap redemptions at 5%. The development is significant not only because of Cliffwater’s scale, but because it crystallizes the central tension now testing private cr...

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