At a glance
- Cliffwater Corporate Lending Fund, a $30.4 billion interval fund, capped third-quarter repurchases at 5% while requests reached 16%.
- Cantor's 27% left 73% of September requests unpaid, and ten prorated months mean the trust has come up short of the full amount requested every month.
- Listed private credit had a down week.
Cantor Income Trust filled 27% of the repurchase requests it received in September, the tenth consecutive month it has prorated redemptions.
Cliffwater Corporate Lending Fund, a $30.4 billion interval fund, capped third-quarter repurchases at 5% while requests reached 16%. That implies a fill rate just above 30%, matching its Sept. 3 letter to shareholders that it expected to fill about one-third. The implied fill rate holds if the two percentages are measured against the same base.
Cantor's 27% left 73% of September requests unpaid, and ten prorated months mean the trust has come up short of the full amount requested every month. Cantor's figure is the share of requests paid; Cliffwater's 5% is a ceiling for the quarter.
| Topic | Share of the week's coverage |
|---|---|
| private credit | 11% |
| data centers | 10% |
| recruiting | 8% |
| RIAs | 7% |
| RIA M&A | 7% |
| multifamily | 6% |
The listed alternative
Listed private credit had a down week. Main Street Capital's preliminary third-quarter metrics pointed to a softer quarter, and BDC common stocks fell again in the week ended Oct. 9, according to BDC Reporter.
The two structures handle an exit differently. A BDC shareholder who wants cash sells into the market at the price on screen. A shareholder in a fund that prorates redemptions waits and receives only the fraction the fund will repurchase: 27% at Cantor in September, and at Cliffwater a 5% ceiling against requests that reached 16%.
Reported by the Numbers desk from Private Wealth Daily, The Wrap, Private Wealth Daily, Liquidity desk and BDC Reporter. Published . Updated Oct 28, 2026 · 2:57 p.m. ET. Corrections