The $532 million fund has capped Q2 withdrawals at 5% after repurchase requests reached 7.22% of NAV.
Repurchase requests in the $4.3 billion private debt fund have now fallen for two consecutive quarters, more than halving from 8.5% in Q1 to 3.8% in Q3.
The $25 billion HPS Corporate Lending Fund has once again limited withdrawals after repurchase requests hit ~11.5% of outstanding shares.
Shareholders submitted an estimated $4.3 billion of Q3 repurchase requests, representing around 10% of shares outstanding, as of June.
Offered by State Street, the credit line for CION Ares Diversified Credit Fund now matures in 2028, with its applicable spread rising by 10 basis points.
The recently registered interval fund will invest in DLP Capital vehicles targeting debt and equity opportunities across US attainable rental housing.
The firm also provided updates on its private equity evergreen fund and non-traded BDC, as well as plans to launch new products targeting the wealth segment.
Anchored by three institutional LPs, the fund offers exposure to private asset-backed finance and traded structured credit opportunities.
The announcement comes as investors in Blue Owl's non-traded BDC shunned an earlier Saba and Cox Capital joint-offer to repurchase shares at a steep discount.
Carlyle Tactical Private Credit Fund has capped Q1 repurchases at 5% after being hit with 15.7% in redemption requests.
