Cliffwater $33 Billion Private Credit Fund Redemptions Reach 14%

Investors in Cliffwater LLC’s flagship private credit fund looked to redeem about 14% of shares in the first quarter, leading the firm to cap its repurchases at 7%, it said...

By Olivia Fishlow · Bloomberg Markets

Investors in Cliffwater LLC’s flagship private credit fund looked to redeem about 14% of shares in the first quarter, leading the firm to cap its repurchases at 7%, it said in a letter to investors seen by Bloomberg.