Non-traded private credit funds handed more money back to investors than they raised in the first quarter — the first time outflows from the vehicles have surpassed inflows.
Non-listed business development companies gave back about $7 billion over the period, while raising about $5 billion, according to a report from Robert A. Stanger & Co.
“Fundraising has slowed, redemptions have risen, and for the first time, more capital left non-listed BDCs in a quarter than came in,” Stanger Chief Executive Officer
Total redemption requests topped $15 billion for the first quarter, prompting many ...