Cliffwater LLC's spike in redemption requests sparks concern in the private credit market, highlighting liquidity challenges for major asset managers.

Cliffwater Corporate Lending Fund limits redemptions to 5% of NAV after investors requested 17%, raising liquidity concerns across the private credit market.

Cliffwater's private credit fund has again gated investors by capping redemptions at 5% in the second quarter after investors looked to pull more than three times that amount, or…