“Morgan Stanley caps withdrawals at private credit fund after rising pullout requests.” Reuters reports Morgan Stanley’s $7B private credit fund is getting slammed with withdrawal requests again.

Reuters says 11.6% of investors want out of the North Haven ‌Private Income Fund this quarter, which is slightly higher than Q1 requests.

But the bank is capping exits again and only honoring 43% of those asks.

About half of the latest requests reportedly came from investors who had been unable to fully cash out earlier.