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Cliffwater LLC's flagship private credit fund capped redemptions at 5% in the second quarter after investors sought to pull about 17% of shares, signaling ongoing pressure in the private credit market.
The Cliffwater private credit fund has reportedly received redemption requests totaling 14% of its assets, indicating a notable outflow of investor capital.
The Cliffwater Private Credit Fund has capped investor withdrawals for the second consecutive quarter after receiving approximately 17% of redemption requests in Q2. This move comes as the flagship private credit fund faces significant investor demand for redemptions.
Cliffwater's $33 billion private credit fund has seen redemptions climb to 14%, indicating significant outflows.
S&P has downgraded the outlook for the Cliffwater Private Credit Fund to Negative, signaling concerns about its future performance.