Blackstone's BCRED and Cliffwater's Corporate Lending Fund faced surging Q2 redemption requests, triggering withdrawal caps across the private credit

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…