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Morgan Stanley Caps North Haven Withdrawals After 11% Redemption Surge

6/24/2026

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Summary

Story summary

Morgan Stanley capped withdrawals at its $7 billion North Haven Private Income Fund after investors sought to redeem 11.6% in Q2.
The fund will meet 43% of second-quarter redemption requests.
As of May 31, it held 301 borrowers in 45 industries with 22.7% software exposure.
New subscriptions and reinvestments limited the net asset value hit to $102 million (3.2% of March 31 value) while Fund A honored only 5% of 7.2% redemption requests.

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Story summary

Morgan Stanley capped withdrawals at its $7 billion North Haven Private Income Fund after investors sought to redeem 11.6% in Q2.
The fund will meet 43% of second-quarter redemption requests.
As of May 31, it held 301 borrowers in 45 industries with 22.7% software exposure.
New subscriptions and reinvestments limited the net asset value hit to $102 million (3.2% of March 31 value) while Fund A honored only 5% of 7.2% redemption requests.