Morgan Stanley Limits Redemptions Again at Nearly $7 Billion Private Credit Fund

According to Wallstreetcn, Morgan Stanley again capped redemptions at its nearly $7 billion private credit fund in the third quarter, with redemption requests more than twice the amount the fund was willing to buy back. North Haven Private Income Fund set its redemption cap at 5%, while investors requested redemptions for 11.4% of shares, roughly unchanged from the previous three months. In the three quarters through September, the fund completed about $479 million in buybacks, and nearly two-thirds of the requests came from investors restricted in the previous two rounds.