Cliffwater
Coverage of Cliffwater in the Nexus archive.
- Private credit withdrawals spike
Private credit withdrawal requests for Blackstone and Cliffwater's funds reached 10% and 17% this quarter, respectively, with both capping redemptions at 5%. Partners Group also limited payouts as redemption requests rose. Default rates have increased, and concerns about AI-related loans to software companies persist, though most financiers do not anticipate a crisis.
- Private Credit Stocks Fall After Cliffwater Redemption Requests
Private credit stocks declined following redemption requests from Cliffwater. The market reaction highlights investor concerns over liquidity in the private credit sector.
- Cliffwater’s flagship private credit fund hit with 17% redemption requests
Cliffwater’s flagship private credit fund, with $31 billion in net assets, has received 17% redemption requests, leading to withdrawal limits. This reflects an ongoing exodus from the private credit sector.