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      Cliffwater, Blackstone Private Credit Funds Cap Redemptions

      Bloomberg's Olivia Fishlow joins Michael McKee on "Bloomberg Real Yield." Cliffwater’s flagship private credit fund again capped redemptions at 5% in the third quarter, after investors sought to pull about 16% of shares. The biggest such BDC, the $77 billion Blackstone Private Credit Fund, disclosed Thursday that it would again cap redemptions at 5%, after its investors sought to redeem 10% of shares. (Source: Bloomberg)

      Source: Bloomberg
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud