(HedgeCo.Net) A pivotal stress test has emerged in the private credit markets. In March 2026, one of the industry’s most closely watched vehicles—Cliffwater’s $33 billion private credit interval fund—faced redemption requests that reached or exceeded 7% of assets, pushing the structure toward its liquidity limits and reigniting a critical debate: can semi-liquid private credit vehicles deliver on both yield and liquidity promises simultaneously?
While the fund ultimately navigated the redempt...
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