Private Credit Investors Prefer to Be Trapped Than Take 26% Loss
The calculus by Cox Capital Partners was simple enough. With a nearly $15 billion redemption backlog from private credit funds, the firm would offer instant liquidity for some investors by purchasing their shares, up to $90 million worth, at an average 26% discount.
<p>The calculus by Cox Capital Partners was simple enough. With a nearly $15 billion redemption backlog from private credit funds, the firm would offer instant liquidity for some investors by purchasing their shares, up to $90 million worth, at an average 26% discount.</p>