Morgan Stanley Plans Private Credit Fund Even as Investors Flee

Morgan Stanley plans to debut an interval fund investing predominantly in private credit, just as retail investment vehicles in the $1.8 trillion market are being hit with record redemption requests.

The North Haven Strategic Credit Fund is expected to include “a wide spectrum of credit strategies” and anticipates allowing redemptions of 5% of outstanding shares every quarter, according to an April 3 filing with the US Securities and Exchange Commission.