Reported 6 months ago
Canadian investment firm Ninepoint Partners LP is temporarily halting cash distributions on three private credit funds totaling about C$2 billion to preserve liquidity and balance long-term goals, redirecting future distributions into additional units instead. Concerns over a liquidity crunch in the private credit industry have led to firms like Ninepoint taking measures to cope with the situation, with some lenders becoming more flexible with terms as executives warn about potential risks in the market.
Source: YAHOO