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 firm is developing products for retirement and mass affluent investors as wealth AUM soars 41% YoY to $82 billion.
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.
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.
KKR FS Income Trust Select will satisfy liquidity demand in full after investors sought to withdraw 5.06% of outstanding shares in Q3.
Quarterly repurchase requests at GS Credit have historically remained below the fund's 5% offer cap.
Mark Goldberg of Alternative Investments Market Intelligence analyzes why redemption queues across non-traded BDCs could take years to clear despite easing withdrawal demand.
The Oaktree Strategic Credit Fund received withdrawal requests representing approximately 4.5% of its outstanding shares in Q2.
The 8.5% in withdrawal requests for Oaktree Strategic Credit Fund will be satisfied with assistance from the firm's parent, Brookfield.
