Private credit fears grow as Morgan Stanley limits redemptions and JPMorgan cuts leverage
Summary: Morgan Stanley limited withdrawals from its North Haven Private Income Fund after redemption requests reached nearly 11% of shares outstanding. The fund returned about $169 million, or 45.8% of tender requests, due to quarterly redemption caps. Investor scrutiny is increasing across the $2 trillion private credit market. JPMorgan has marked down loans used as […]
