A $12.7 billion exit wave tests nontraded BDC repurchase caps
The 5% caps held in the first half. The $9.6 billion queue is where the pressure shows.
August 18
The Liquidity Desk 6 stories this week · 44 total
NAV later, or cash now at a discount
Private credit fund investors face capped quarterly redemptions on one side and steep secondary-market discounts on the other.
Starwood REIT taps Apollo for $1.02B affordable-housing JV
The deal pairs Apollo's capital with Starwood's portfolio to ease liquidity without ceding control.
Priority Income Fund's tender proration falls to 15% as NAV slides
The annual buyback returns a fraction of tendered shares as NAV and assets shrink ahead of a planned listing.