Golub Capital caps withdrawals from private credit fund
Updated
Updated · Bloomberg · May 7
Golub Capital caps withdrawals from private credit fund
6 articles · Updated · Bloomberg · May 7
The roughly $9.9bn GCRED fund received redemption requests for 8.5% of shares and will honor repurchases for 8,891,200 shares, according to a Thursday letter to shareholders.
The firm said it would enforce the fund's 5% quarterly withdrawal limit, restricting investor outflows after requests exceeded the cap.
The move adds to a broader pattern of money managers limiting withdrawals as private-market funds face increased redemption pressure.
With investor cash trapped, what is the real value of these private credit portfolios?
Is the AI disruption creating a hidden crisis in the $1.9 trillion private credit market?