Barings Caps Redemptions as Private Credit Holders Seek 11%

A $4.9 billion Barings LLC private credit fund capped redemptions after investors asked to pull out 11.3% of the shares in the first quarter.

Barings Private Credit Corp. is paying out less than half of the requests, capping withdrawals at 5%, the fund said in a filing Monday. That means the fund held onto about $180 million of money that investors had wanted back.