11:39 AM EDT, 03/12/2026 (MT Newswires) -- Morgan Stanley ( MS ) and Cliffwater have put a ceiling on withdrawals from their private credit funds after redemption requests exceeded the allowed amount, Bloomberg reported Thursday.

Morgan Stanley's ( MS ) North Haven Private Income Fund capped redemptions at 5% of shares and returned about $169 million, less than 50% of investors' tender requests, while Cliffwater limited redemptions to 7% of shares in Q1 after investors sought to withdraw 14%, according to the report.

The North Haven Private Income Fund has $8 billion in assets, while Cliffwater's flagship private credit vehicle has $33 billion, the report said.

Morgan Stanley ( MS ) and Cliffwater did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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