Morgan Stanley is blocking most withdrawals from its $7 billion private credit fund

Investors sought to pull 11.6% of units in the second quarter, but the fund will honor less than half of those requests

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Morgan Stanley $MS's North Haven Private Income Fund told investors it will fulfill roughly 43% of second-quarter withdrawal requests after investors sought to redeem 11.6% of units outstanding — more than double the fund's 5% quarterly repurchase cap.

The $7 billion fund said it will accept repurchases equal to 5% of units outstanding as of March 31, 2026, with the remainder of requests left unmet.........

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