A credit fund with a scale of $33 billion is facing over 7% redemptions

Golden Ten Data, March 11 - According to foreign media citing informed sources, the flagship private credit fund under alternative investment advisor and fund management company Cliffwater may receive redemption requests exceeding 7%. The Cliffwater Loan Fund manages approximately $33 billion in assets and is an interval fund. According to relevant sources, the company has not yet decided whether to set limits when redemption amounts reach 5% or 7%. The fund's redemption window will close on Tuesday. Cliffwater is the latest private credit institution to experience investor withdrawals. The industry, with a scale of $1.8 trillion, is seeing investors withdraw due to concerns over loan quality and exposure to software companies that may be impacted by artificial intelligence. Recently, Blackstone and BlackRock were forced to restrict redemptions, and a liquidity crisis is looming in the UK and US private credit markets.