Money
Briefing: Cliffwater caps payouts at credit fund as redemption requests surge
Strategic angle: Withdrawal requests hit 14% in the first quarter as investors grow skittish on private capital exposure.
editorial-staff
1 min read
Updated about 1 month ago
In the first quarter, Cliffwater faced a notable increase in redemption requests, amounting to 14% of its credit fund. This trend reflects growing investor concerns regarding exposure to private capital.
The decision to cap payouts is a strategic response aimed at managing liquidity and ensuring the stability of the fund amid heightened withdrawal activity.
This situation underscores the challenges faced by credit funds in maintaining operational capacity during periods of investor uncertainty, particularly in the private capital sector.