In Q1, the $2.9 billion non-traded BDC capped redemptions at 5% after shareholders sought to withdraw 11.3% of outstanding shares.
The non-traded BDC accepted all 1.8 million shares tendered in Q3, with investors to receive non-interest-bearing, non-transferable promissory notes instead of immediate cash.
Withdrawal requests at Barings Private Credit Corporation reached 10.68% of outstanding shares in Q3, with just 46.84% of validly tendered shares accepted on a pro-rata basis.
CFO Kirill Bouek's resignation follows the departure of the non-traded BDC's President, Raymond Barrios, in August.
The Canadian bank now holds 10.5% of Blue Owl Credit Income Corp. as shareholders sought to withdraw 16.8% of outstanding shares in Q3.
Launched in 2022, the non-traded vehicle invests across venture capital, private credit, and private equity.
KKR FS Income Trust Select will satisfy liquidity demand in full after investors sought to withdraw 5.06% of outstanding shares in Q3.
The unsolicited bid comes just three days after Blue Owl Credit Income Corp. disclosed 16.8% in Q3 redemption requests.
Shareholders in the $3 billion Barings Private Credit Corporation will receive ~46.01% of their validly tendered shares on a pro-rata basis, after withdrawal requests reached 10.87% of NAV in Q2.
Barings Private Credit Corporation has capped Q1 withdrawals at 5%, after repurchase requests surged to 11.3% of shares outstanding.
