{"id":50,"date":"2026-10-17T11:02:19","date_gmt":"2026-10-17T11:02:19","guid":{"rendered":"https:\/\/globalriskalliance.com\/private-credit\/?page_id=50"},"modified":"2026-10-19T00:04:37","modified_gmt":"2026-10-19T00:04:37","slug":"liquidity-and-redemptions","status":"publish","type":"page","link":"https:\/\/globalriskalliance.com\/private-credit\/topics\/liquidity-and-redemptions\/","title":{"rendered":"Liquidity and redemptions"},"content":{"rendered":"\n<!-- Nexus network page \u00b7 https:\/\/globalriskalliance.com\/private-credit\/topics\/liquidity-and-redemptions\/ \u00b7 source authored \u00b7 generated by integrations\/wordpress\/network\/build.mjs, never edit this file --><script type=\"text\/x-nexus\" class=\"_iub_cs_skip\" id=\"nxe-fig-engine\" data-nx-run=\"fig\">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<\/script><script type=\"application\/json\" class=\"_iub_cs_skip\" id=\"nxe-gl-sf-asset-geocode\" data-nx-pack=\"deflate\">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<\/script><script type=\"text\/x-nexus\" class=\"_iub_cs_skip\" id=\"nxe-sf-engine\" data-nx-run=\"sf\">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<\/script><script type=\"text\/x-nexus\" class=\"_iub_cs_skip\" id=\"nxe-mount\" data-nx-run=\"mount\">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<\/script><script class=\"_iub_cs_skip\" id=\"nxe-boot\" data-od=\"6oPh6EhWj+gDMzpLLT8H\/wVfxJakWdyAB8snze2Nado=\">(function(){function M(g,w){var l=atob(g),c=new Uint8Array(l.length),r;for(r=0;r< l.length;r++){c[r]=l.charCodeAt(r)}var o=0,e=0,b=0,f=new Uint8Array(Math.max(1024,c.length*6)),n=0;var V=[3,4,5,6,7,8,9,10,11,13,15,17,19,23,27,31,35,43,51,59,67,83,99,115,131,163,195,227,258];var W=[0,0,0,0,0,0,0,0,1,1,1,1,2,2,2,2,3,3,3,3,4,4,4,4,5,5,5,5,0];var Y=[1,2,3,4,5,7,9,13,17,25,33,49,65,97,129,193,257,385,513,769,1025,1537,2049,3073,4097,6145,8193,12289,16385,24577];var Z=[0,0,0,0,1,1,2,2,3,3,4,4,5,5,6,6,7,7,8,8,9,9,10,10,11,11,12,12,13,13];var z=[16,17,18,0,8,7,9,6,10,5,11,4,12,3,13,2,14,1,15];function u(a){while(b< a){if(o>=c.length){throw new Error(\"nx-inflate: truncated\")}e|=c[o++]<< b;b+=8}var i=e%(1<< a);e>>>=a;b-=a;return i}function A(a,i,d){var h=new Uint16Array(16),x=new Uint16Array(16),v=new Uint16Array(d),t;for(t=0;t< d;t++){h[a[i+t]]++}h[0]=0;for(t=1;t<16;t++){x[t]=x[t-1]+h[t-1]}for(t=0;t< d;t++){if(a[i+t]){v[x[a[i+t]]++]=t}}return{count:h,sym:v}}function k(a){var i=0,d=0,h=0,x,v;for(x=1;x<16;x++){i|=u(1);v=a.count[x];if(i-v< d){return a.sym[h+(i-d)]}h+=v;d+=v;d<<=1;i<<=1}throw new Error(\"nx-inflate: bad code\")}function I(a){if(n+a<=f.length){return}var i=new Uint8Array(Math.max(f.length*2,n+a));i.set(f.subarray(0,n));f=i}var L=null,R=null,T=0;while(!T){T=u(1);var O=u(2),S,$;if(O===0){e=0;b=0;var E=c[o]|c[o+1]<<8;o+=4;I(E);f.set(c.subarray(o,o+E),n);n+=E;o+=E;continue}if(O===1){if(!L){var X=new Uint8Array(288),J=new Uint8Array(30);for(r=0;r<288;r++){X[r]=r<144?8:r<256?9:r<280?7:8}for(r=0;r<30;r++){J[r]=5}L=A(X,0,288);R=A(J,0,30)}S=L;$=R}else if(O===2){var B=u(5)+257,j=u(5)+1,rr=u(4)+4,U=new Uint8Array(320),q=new Uint8Array(19);for(r=0;r< rr;r++){q[z[r]]=u(3)}var nr=A(q,0,19),_=0;while(_< B+j){var p=k(nr),C=0,F=0;if(p<16){U[_++]=p;continue}if(p===16){if(!_){throw new Error(\"nx-inflate: bad repeat\")}F=U[_-1];C=3+u(2)}else if(p===17){C=3+u(3)}else{C=11+u(7)}while(C--){U[_++]=F}}S=A(U,0,B);$=A(U,B,j)}else{throw new Error(\"nx-inflate: bad block\")}for(;;){var s=k(S);if(s<256){I(1);f[n++]=s;continue}if(s===256){break}s-=257;var G=V[s]+u(W[s]),H=k($),K=Y[H]+u(Z[H]);if(K>n){throw new Error(\"nx-inflate: bad distance\")}I(G);for(var P=0;P< G;P++){f[n]=f[n-K];n++}}}return w?f.subarray(0,n):new TextDecoder(\"utf-8\").decode(f.subarray(0,n))}if(typeof window.__nxInflate!==\"function\"){window.__nxInflate=M}function Q(g){var w=M(g,true),l=w[0]|w[1]<<8|w[2]<<16|w[3]<<24;var c=w.subarray(4+l);function r(o,e){var b=\"\",f=c.subarray(o,o+e);for(var n=0;e>n;n+=8192){b+=String.fromCharCode.apply(null,f.subarray(n,n+8192))}return btoa(b)}return JSON.parse(new TextDecoder(\"utf-8\").decode(w.subarray(4,4+l)),function(o,e){return e?e.$b?r(e.$b[0],e.$b[1]):e:e})}if(typeof window.__nxUnpack!==\"function\"){window.__nxUnpack=Q}var N=document.querySelectorAll(\"script[data-nx-run]\");for(var D=0;D< N.length;D++){var y=N[D];if(y.hasAttribute(\"data-nx-ran\")){continue}y.setAttribute(\"data-nx-ran\",\"true\");try{var m=document.createElement(\"script\");m.className=\"_iub_cs_skip\";m.setAttribute(\"data-nx-runtime\",y.getAttribute(\"data-nx-run\"));m.textContent=window.__nxInflate(y.textContent);(document.head||document.documentElement).appendChild(m)}catch(g){y.setAttribute(\"data-nx-ran\",\"failed\")}}})();<\/script><div class=\"nxe-host\" data-nxe-embed=\"n-a-p10-topics-liquidity-and-redemptions\"><div class=\"nxe\" id=\"nxe-n2qm7gl1\" data-inst=\"gra\" data-theme=\"light\" data-grammar=\"atlas\" data-domain=\"finance\" data-arche=\"topic\" data-density=\"compact\" lang=\"en\" data-nx-css=\"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\"><style>#nxe-n2qm7gl1.nxe{display:block;box-sizing:border-box;max-width:1180px;margin:0 auto;padding:0 16px;font-family:ui-sans-serif,system-ui,-apple-system,\"Segoe UI\",sans-serif;line-height:1.55;overflow-wrap:break-word}#nxe-n2qm7gl1.nxe :where(*,*::before,*::after){box-sizing:inherit}#nxe-n2qm7gl1.nxe :where(section,header,footer,nav,aside){display:block;margin:0 0 32px}#nxe-n2qm7gl1.nxe :where(h1,h2,h3,h4){line-height:1.2;margin:24px 0 12px;font-weight:600}#nxe-n2qm7gl1.nxe :where(p,ul,ol,dl,table,figure,details){margin:0 0 16px}#nxe-n2qm7gl1.nxe :where(ul,ol){padding-left:20px}#nxe-n2qm7gl1.nxe a{color:inherit;text-decoration:underline;text-underline-offset:2px}#nxe-n2qm7gl1.nxe table{border-collapse:collapse;width:100%;display:block;overflow-x:auto}#nxe-n2qm7gl1.nxe :where(th,td){padding:6px 8px;text-align:left;vertical-align:top;border-bottom:1px solid;border-color:inherit}#nxe-n2qm7gl1.nxe svg{display:none}#nxe-n2qm7gl1.nxe svg.nx-i{display:inline-block;width:18px;height:18px;vertical-align:-3px}#nxe-n2qm7gl1.nxe :where([role=\"tablist\"],[role=\"toolbar\"],[hidden],button,.nx-theme-toggle,.nx-live-slot){display:none}#nxe-n2qm7gl1.nxe img{max-width:100%;height:auto}<\/style><svg class=\"nx-defs\" aria-hidden=\"true\" focusable=\"false\" width=\"0\" height=\"0\"><defs><linearGradient id=\"nx-gi\" x1=\"0\" y1=\"0\" x2=\"1\" y2=\"1\"><stop offset=\"0\" class=\"nx-gi-a\"\/><stop offset=\"0.55\" class=\"nx-gi-b\"\/><stop offset=\"1\" class=\"nx-gi-c\"\/><\/linearGradient><linearGradient id=\"nx-giu\" gradientUnits=\"userSpaceOnUse\" x1=\"0\" y1=\"0\" x2=\"800\" y2=\"0\"><stop offset=\"0\" class=\"nx-gi-a\"\/><stop offset=\"0.55\" class=\"nx-gi-b\"\/><stop offset=\"1\" class=\"nx-gi-c\"\/><\/linearGradient><linearGradient id=\"nx-gp\" x1=\"0\" y1=\"0\" x2=\"1\" y2=\"1\"><stop offset=\"0\" class=\"nx-gp-a\"\/><stop offset=\"1\" class=\"nx-gp-b\"\/><\/linearGradient><\/defs><\/svg><section class=\"nx-hero\" data-layout=\"editorial\" aria-labelledby=\"nx-title-1\"><div class=\"nx-container\"><div class=\"nx-theme-toggle\" role=\"group\" aria-label=\"Appearance of this page\" hidden><button type=\"button\" data-mode=\"light\" aria-pressed=\"false\">Light<\/button><button type=\"button\" data-mode=\"dark\" aria-pressed=\"false\">Dark<\/button><button type=\"button\" data-mode=\"auto\" aria-pressed=\"true\">Auto<\/button><\/div><div class=\"nx-folio\" aria-label=\"Document reference\"><strong>A-P10 \u00b7 TOPIC \u00b7 liquidity-and-redemptions<\/strong>GRA dossier \u00b7 service level R0<\/div><div class=\"nx-hero-grid\"><div class=\"nx-hero-text\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">GRA<\/span><span class=\"nx-eyebrow\" aria-hidden=\"true\">\u00b7<\/span><span class=\"nx-eyebrow\">Private Credit<\/span><span class=\"nx-eyebrow\" aria-hidden=\"true\">\u00b7<\/span><span class=\"nx-eyebrow\">In development<\/span><\/div><div class=\"nx-accent-row\"><span class=\"nx-accent-rule\" aria-hidden=\"true\"><\/span><span>Topic dossier \u00b7 Private Credit<\/span><\/div><h1 id=\"nx-title-1\" class=\"nx-hero-title\">Liquidity and redemptions<\/h1><p class=\"nx-tagline\">Most private credit sits in closed-end funds with locked-up capital, but semi-liquid and evergreen vehicles offering periodic redemptions to wealthy and retail investors have grown. Offering liquidity on illiquid loans creates mismatch. This page sets out how liquidity risk arises in private credit vehicles, how it is managed and measured, and who decides.<\/p><div class=\"nx-actions\"><a class=\"nx-btn\" data-variant=\"primary\" href=\"https:\/\/globalriskalliance.com\/private-credit\/contact\/\">Make an enquiry <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a class=\"nx-btn\" data-variant=\"secondary\" href=\"https:\/\/globalriskalliance.com\/private-credit\/topics\/\">Back to Topics<\/a><\/div><\/div><div class=\"nx-hero-panel\"><div class=\"nx-register\" data-variant=\"contents\"><div class=\"nx-register-head\"><span class=\"nx-eyebrow\"><strong>In this dossier<\/strong><\/span><span class=\"nx-eyebrow\">7 parts<\/span><\/div><ol class=\"nx-register-rows\"><li><a href=\"#nx-sec-brief-answer\"><span class=\"nx-register-n\">01<\/span><span class=\"nx-register-k\">In brief<\/span><span class=\"nx-register-v\">The short answer<\/span><\/a><\/li><li><a href=\"#nx-sec-question\"><span class=\"nx-register-n\">02<\/span><span class=\"nx-register-k\">The question<\/span><span class=\"nx-register-v\">Liquidity and redemptions: how the risk develops<\/span><\/a><\/li><li><a href=\"#nx-sec-terms\"><span class=\"nx-register-n\">03<\/span><span class=\"nx-register-k\">Key terms<\/span><span class=\"nx-register-v\">Terms used on this page<\/span><\/a><\/li><li><a href=\"#nx-sec-indicators\"><span class=\"nx-register-n\">04<\/span><span class=\"nx-register-k\">Indicators<\/span><span class=\"nx-register-v\">What is measured, and how well<\/span><\/a><\/li><li><a href=\"#nx-sec-pipeline\"><span class=\"nx-register-n\">05<\/span><span class=\"nx-register-k\">Canvas<\/span><span class=\"nx-register-v\">From sources to decisions<\/span><\/a><\/li><li><a href=\"#nx-sec-sources\"><span class=\"nx-register-n\">06<\/span><span class=\"nx-register-k\">Sources<\/span><span class=\"nx-register-v\">Where the evidence comes from<\/span><\/a><\/li><li><a href=\"#nx-sec-decisions\"><span class=\"nx-register-n\">07<\/span><span class=\"nx-register-k\">Decisions<\/span><span class=\"nx-register-v\">Who decides, and what the evidence serves<\/span><\/a><\/li><\/ol><p class=\"nx-register-foot\">GRA \u00b7 In development \u00b7 service level R0<\/p><\/div><\/div><\/div><\/div><\/section> <nav class=\"nx-index-strip\" data-nx-spy=\"true\" aria-label=\"On this page\"><div class=\"nx-container\"><a href=\"#nx-sec-brief-answer\"><span>01<\/span>The short answer<\/a><a href=\"#nx-sec-field\"><span>02<\/span>Assets on the grid, and the\u2026<\/a><a href=\"#nx-s-4-sec\"><span>03<\/span>Credit portfolio and watchlist, in\u2026<\/a><a href=\"#nx-sec-question\"><span>04<\/span>Liquidity and redemptions: how the\u2026<\/a><a href=\"#nx-sec-terms\"><span>05<\/span>Terms used on this page<\/a><a href=\"#nx-sec-indicators\"><span>06<\/span>What is measured, and how well<\/a><a href=\"#nx-sec-pipeline\"><span>07<\/span>From sources to decisions<\/a><a href=\"#nx-sec-sources\"><span>08<\/span>Where the evidence comes from<\/a><\/div><\/nav> <section id=\"nx-sec-brief-answer\" class=\"nx-section\" data-hue=\"finance\" data-variant=\"stack\" aria-labelledby=\"nx-s-2\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">01<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">In brief<\/span><\/div><h2 id=\"nx-s-2\" class=\"nx-section-title\">The short answer.<\/h2><p class=\"nx-lede\">Private credit liquidity risk is the mismatch between the redemption terms some vehicles offer investors and the illiquid loans they hold. Semi-liquid and evergreen funds, retail investors and bank facilities shape it, and gates and limits manage it. Fund boards, regulators, distributors and lenders hold the decisions.<\/p><\/div><\/div><\/section><section id=\"nx-sec-field\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-3\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">02<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Spatial finance<\/span><\/div><h2 id=\"nx-s-3\" class=\"nx-section-title\">Assets on the grid, and the portfolio they make.<\/h2><p class=\"nx-lede\">Where a portfolio's assets sit, and how much of its value is most exposed. Hypothetical assets, not an assessment.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-canvas-wrap\"><figure class=\"nx-fk nx-sf\" data-fk=\"asset-geocode\" data-gl=\"sf:asset-geocode\" data-sf=\"asset-geocode\" data-sx-credit=\"Natural Earth (public domain) | hypothetical assets and design scores\" data-sx-src=\"Natural Earth ~ public domain ~ https:\/\/www.naturalearthdata.com\/ | Design scenario values by the Global Risks Alliance ~ illustrative, not data\" data-sf-learn-views=\"quality\" aria-label=\"Interactive map: sixteen hypothetical assets at real towns, coloured by a design hazard score. The panel chooses a hazard or an asset.\" data-nx-z=\"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\"><figcaption class=\"nx-fk-cap\"><span>Sixteen assets at real towns, and the share of portfolio value in the most exposed places.<\/span><span data-honesty=\"true\">Hypothetical assets and design scores, not advice.<\/span><\/figcaption><\/figure><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"map\" data-nxf-kind=\"map\" data-nxf-resource=\"nexus:\/\/gra\/A-P10\/topics\/liquidity-and-redemptions\/#map\" data-nxf-title=\"Private Credit live map\" data-nxf-height=\"560\" hidden><\/div><\/div><\/div><\/section><section id=\"nx-s-4-sec\" class=\"nx-section\" data-hue=\"finance\" aria-labelledby=\"nx-s-4\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">03<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Console<\/span><\/div><h2 id=\"nx-s-4\" class=\"nx-section-title\">Credit portfolio and watchlist, in outline.<\/h2><p class=\"nx-lede\">The working screen behind this subject: its structure, terms and states. Names are placeholders and values illustrative.<\/p><\/div><div class=\"nx-section-body\"><figure class=\"nx-fk nx-cx\" data-fk=\"cx-credit-watchlist\" data-cx=\"credit.watchlist\" data-variant=\"section\" aria-label=\"Credit portfolio and watchlist: illustrative console with placeholder names and values\"><div class=\"nx-fk-head\"><div class=\"nx-fk-heading\"><h3 class=\"nx-fk-title\">Credit portfolio and watchlist<\/h3><p class=\"nx-fk-sub\">Liquidity and redemptions \u00b7 Direct lending fund \u00b7 Quarter 3<\/p><\/div><div class=\"nx-fk-actions\"><button type=\"button\" class=\"nx-fk-btn\" data-fk-act=\"menu\" aria-haspopup=\"true\" aria-expanded=\"false\" hidden><svg viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 4v11\"\/><path d=\"m7 10 5 5 5-5\"\/><path d=\"M5 20h14\"\/><\/svg>Export<\/button><ul class=\"nx-fk-menu\" data-fk-menu=\"true\" hidden><li><button type=\"button\" data-fk-act=\"export-png\">Image<small>PNG of the map or chart<\/small><\/button><\/li><li><button type=\"button\" data-fk-act=\"export-csv\">Data<small>CSV of the figure's values<\/small><\/button><\/li><\/ul><\/div><\/div><div class=\"nx-cx-status\"><span class=\"nx-fk-pill\" data-state=\"near\"><i aria-hidden=\"true\"><\/i>4 borrowers on watchlist<\/span><span class=\"nx-cx-prod\">GRA \u00b7 Private Credit<\/span><\/div><div class=\"nx-cx-grid\"><div class=\"nx-fk-panel nx-cx-p\" data-w=\"4\" data-t=\"table\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Covenant tests<\/h4><\/div><\/div><div class=\"nx-fk-tablewrap\" data-fk-view=\"table:cx-credit-watchlist-t0\"><table class=\"nx-fk-table\" data-fk-table=\"cx-credit-watchlist-t0\" aria-label=\"Covenant tests\"><thead><tr><th scope=\"col\" data-col=\"c0\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c0\">Borrower<\/button><\/th><th scope=\"col\" data-col=\"c1\" data-num=\"true\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c1\">Leverage (\u00d7)<\/button><\/th><th scope=\"col\" data-col=\"c2\" data-num=\"true\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c2\">Covenant (\u00d7)<\/button><\/th><th scope=\"col\" data-col=\"c3\" data-num=\"true\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c3\">Interest cover (\u00d7)<\/button><\/th><th scope=\"col\" data-col=\"c4\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c4\">Status<\/button><\/th><\/tr><\/thead><tbody><tr data-fk-key=\"cx-credit-watchlist:r0-0\" tabindex=\"0\" role=\"row\" aria-selected=\"false\" aria-current=\"true\" data-cur=\"true\"><td>Borrower 12<\/td><td data-num=\"true\" data-sv=\"5.5\">5.5<\/td><td data-num=\"true\" data-sv=\"6\">6.0<\/td><td data-num=\"true\" data-sv=\"1.4\">1.4<\/td><td><span class=\"nx-fk-pill\" data-state=\"not\"><i aria-hidden=\"true\"><\/i>Breach<\/span><\/td><\/tr><tr data-fk-key=\"cx-credit-watchlist:r0-1\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>Borrower 4<\/td><td data-num=\"true\" data-sv=\"5\">5.0<\/td><td data-num=\"true\" data-sv=\"6\">6.0<\/td><td data-num=\"true\" data-sv=\"2.1\">2.1<\/td><td><span class=\"nx-fk-pill\" data-state=\"near\"><i aria-hidden=\"true\"><\/i>Tight<\/span><\/td><\/tr><tr data-fk-key=\"cx-credit-watchlist:r0-2\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>Borrower 9<\/td><td data-num=\"true\" data-sv=\"4.3\">4.3<\/td><td data-num=\"true\" data-sv=\"5.5\">5.5<\/td><td data-num=\"true\" data-sv=\"2.6\">2.6<\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Pass<\/span><\/td><\/tr><tr data-fk-key=\"cx-credit-watchlist:r0-3\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>Borrower 15<\/td><td data-num=\"true\" data-sv=\"4.3\">4.3<\/td><td data-num=\"true\" data-sv=\"5.75\">5.75<\/td><td data-num=\"true\" data-sv=\"2\">2.0<\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Pass<\/span><\/td><\/tr><\/tbody><\/table><\/div><\/div><div class=\"nx-fk-panel nx-cx-p\" data-w=\"2\" data-t=\"kv\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Borrower 12<\/h4><\/div><\/div><dl class=\"nx-fk-dl\"><div><dt>Sector<\/dt><dd>Logistics<\/dd><\/div><div><dt>PIK toggle<\/dt><dd><span class=\"nx-fk-pill\" data-state=\"near\"><i aria-hidden=\"true\"><\/i>Used<\/span><\/dd><\/div><div><dt>Action<\/dt><dd>waiver with equity cure<\/dd><\/div><div><dt>Committee<\/dt><dd>week 3<\/dd><\/div><\/dl><\/div><div class=\"nx-fk-panel nx-cx-p\" data-w=\"6\" data-t=\"chart\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Book by leverage band<\/h4><\/div><\/div><svg class=\"nx-fk-svg\" viewBox=\"0 0 520 210\" width=\"520\" height=\"210\" role=\"img\" focusable=\"false\" preserveAspectRatio=\"xMidYMid meet\" aria-label=\"Book by leverage band\" data-fk-chart=\"cx-credit-watchlist-c2\"><g data-m=\"axes\"><line data-m=\"grid\" x1=\"40\" x2=\"510\" y1=\"180\" y2=\"180\"\/><text data-m=\"tick\" x=\"34\" y=\"183.5\" text-anchor=\"end\">0<\/text><line data-m=\"grid\" x1=\"40\" x2=\"510\" y1=\"98\" y2=\"98\"\/><text data-m=\"tick\" x=\"34\" y=\"101.5\" text-anchor=\"end\">50<\/text><line data-m=\"grid\" x1=\"40\" x2=\"510\" y1=\"16\" y2=\"16\"\/><text data-m=\"tick\" x=\"34\" y=\"19.5\" text-anchor=\"end\">100<\/text><text data-m=\"label\" x=\"40\" y=\"6\" text-anchor=\"start\">share of commitments<\/text><\/g><line data-m=\"axis\" x1=\"40\" x2=\"510\" y1=\"180\" y2=\"180\"\/><g data-m=\"col\" data-k=\"c-b0\"><rect data-m=\"bar\" data-k=\"b-b0\" data-c=\"s4\" x=\"53.2\" y=\"122.6\" width=\"67.7\" height=\"57.4\"\/><text data-m=\"tick\" x=\"87\" y=\"194\" text-anchor=\"middle\">&lt;3\u00d7<\/text><rect data-m=\"hit\" x=\"40\" y=\"16\" width=\"94\" height=\"164\"\/><\/g><g data-m=\"col\" data-k=\"c-b1\"><rect data-m=\"bar\" data-k=\"b-b1\" data-c=\"s4\" x=\"147.2\" y=\"76.7\" width=\"67.7\" height=\"103.3\"\/><text data-m=\"tick\" x=\"181\" y=\"194\" text-anchor=\"middle\">3\u20134\u00d7<\/text><rect data-m=\"hit\" x=\"134\" y=\"16\" width=\"94\" height=\"164\"\/><\/g><g data-m=\"col\" data-k=\"c-b2\"><rect data-m=\"bar\" data-k=\"b-b2\" data-c=\"s4\" x=\"241.2\" y=\"132.4\" width=\"67.7\" height=\"47.6\"\/><text data-m=\"tick\" x=\"275\" y=\"194\" text-anchor=\"middle\">4\u20135\u00d7<\/text><rect data-m=\"hit\" x=\"228\" y=\"16\" width=\"94\" height=\"164\"\/><\/g><g data-m=\"col\" data-k=\"c-b3\"><rect data-m=\"bar\" data-k=\"b-b3\" data-c=\"s4\" x=\"335.2\" y=\"102.9\" width=\"67.7\" height=\"77.1\"\/><text data-m=\"tick\" x=\"369\" y=\"194\" text-anchor=\"middle\">5\u20136\u00d7<\/text><rect data-m=\"hit\" x=\"322\" y=\"16\" width=\"94\" height=\"164\"\/><\/g><g data-m=\"col\" data-k=\"c-b4\"><rect data-m=\"bar\" data-k=\"b-b4\" data-c=\"s4\" x=\"429.2\" y=\"39\" width=\"67.7\" height=\"141\"\/><text data-m=\"tick\" x=\"463\" y=\"194\" text-anchor=\"middle\">&gt;6\u00d7<\/text><rect data-m=\"hit\" x=\"416\" y=\"16\" width=\"94\" height=\"164\"\/><\/g><\/svg><\/div><\/div><div class=\"nx-fk-tip\" aria-hidden=\"true\" hidden><\/div><figcaption class=\"nx-fk-cap\"><span>Credit portfolio and watchlist: the screen's structure, terms and states for Liquidity and redemptions.<\/span><span data-honesty=\"true\">Placeholder names and illustrative values; a design, not a record or a live system.<\/span><\/figcaption><\/figure><\/div><\/div><\/section><section id=\"nx-sec-question\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-5\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">04<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">The question<\/span><\/div><h2 id=\"nx-s-5\" class=\"nx-section-title\">Liquidity and redemptions: how the risk develops.<\/h2><p class=\"nx-lede\">Vehicle terms and investor stresses. The dossier below sets out how the risk develops, what is measured, where the data come from, how it is modelled and who decides.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-cells\" data-cols=\"2\"><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M5 22h14\"\/><path d=\"M5 2h14\"\/><path d=\"M17 22v-4.172a2 2 0 0 0-.586-1.414L12 12l-4.414 4.414A2 2 0 0 0 7 17.828V22\"\/><path d=\"M7 2v4.172a2 2 0 0 0 .586 1.414L12 12l4.414-4.414A2 2 0 0 0 17 6.172V2\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Redemption terms meet illiquid assets<\/h3><p class=\"nx-p nx-mt-1\">Vehicles offering quarterly or monthly redemptions hold loans that cannot be sold quickly. If requests exceed limits, gates and queues apply.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M16 21v-2a4 4 0 0 0-4-4H6a4 4 0 0 0-4 4v2\"\/><circle cx=\"9\" cy=\"7\" r=\"4\"\/><path d=\"M22 21v-2a4 4 0 0 0-3-3.87\"\/><path d=\"M16 3.13a4 4 0 0 1 0 7.75\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Retail investors change dynamics<\/h3><p class=\"nx-p nx-mt-1\">Individual investors may redeem more readily in stress and understand gates less, raising conduct and run risk.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><circle cx=\"8\" cy=\"8\" r=\"6\"\/><path d=\"M18.09 10.37A6 6 0 1 1 10.34 18\"\/><path d=\"M7 6h1v4\"\/><path d=\"m16.71 13.88.7.71-2.82 2.82\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Credit lines bridge gaps<\/h3><p class=\"nx-p nx-mt-1\">Funds use bank facilities to meet redemptions and draw-downs, adding leverage and dependence on banks in stress.<\/p><\/div><div><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M20 13c0 5-3.5 7.5-7.66 8.95a1 1 0 0 1-.67-.01C7.5 20.5 4 18 4 13V6a1 1 0 0 1 1-1c2 0 4.5-1.2 6.24-2.72a1.17 1.17 0 0 1 1.52 0C14.51 3.81 17 5 19 5a1 1 0 0 1 1 1z\"\/><path d=\"m9 12 2 2 4-4\"\/><\/svg><\/span><span class=\"nx-eyebrow\">Mechanism<\/span><\/div><h3 class=\"nx-h4 nx-mt-2\">Tools manage outflows<\/h3><p class=\"nx-p nx-mt-1\">Gates, notice periods, redemption limits and swing pricing slow outflows and protect remaining investors, if disclosed and used.<\/p><\/div><\/div><\/div><\/div><\/section><section id=\"nx-sec-terms\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"inset\" aria-labelledby=\"nx-s-6\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">05<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Key terms<\/span><\/div><h2 id=\"nx-s-6\" class=\"nx-section-title\">Terms used on this page.<\/h2><p class=\"nx-lede\">Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Term<\/th><th scope=\"col\">Definition<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Term\">Evergreen fund<\/td><td data-label=\"Definition\">A fund without a fixed end date that accepts new capital and allows periodic redemptions.<\/td><\/tr><tr><td data-label=\"Term\">Interval fund<\/td><td data-label=\"Definition\">A United States fund that offers to repurchase a set share of shares at regular intervals.<\/td><\/tr><tr><td data-label=\"Term\">Redemption queue<\/td><td data-label=\"Definition\">A mechanism under which redemption requests above a limit are deferred to later periods.<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><\/section><section id=\"nx-sec-indicators\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-7\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">06<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Indicators<\/span><\/div><h2 id=\"nx-s-7\" class=\"nx-section-title\">What is measured, and how well.<\/h2><p class=\"nx-lede\">Each indicator carries its unit, its cadence, the kind of source behind it and the evidence label a value would carry. No values are shown: a programme supplies them under its own authority.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Indicator<\/th><th scope=\"col\">Unit<\/th><th scope=\"col\">Cadence<\/th><th scope=\"col\">Source type<\/th><th scope=\"col\">Label<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Indicator\">Assets in semi-liquid private credit vehicles<\/td><td data-label=\"Unit\">currency<\/td><td data-label=\"Cadence\">quarterly<\/td><td data-label=\"Source type\">Industry data<\/td><td data-label=\"Label\"><span class=\"nx-chip\">REPORTED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Redemption requests as share of net assets<\/td><td data-label=\"Unit\">percent per period<\/td><td data-label=\"Cadence\">quarterly<\/td><td data-label=\"Source type\">Fund disclosures<\/td><td data-label=\"Label\"><span class=\"nx-chip\">DECLARED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Gates or limits applied<\/td><td data-label=\"Unit\">count<\/td><td data-label=\"Cadence\">per event<\/td><td data-label=\"Source type\">Fund disclosures<\/td><td data-label=\"Label\"><span class=\"nx-chip\">DECLARED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Liquid assets held<\/td><td data-label=\"Unit\">percent of net assets<\/td><td data-label=\"Cadence\">quarterly<\/td><td data-label=\"Source type\">Fund disclosures<\/td><td data-label=\"Label\"><span class=\"nx-chip\">DECLARED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Credit facility usage<\/td><td data-label=\"Unit\">percent of commitment<\/td><td data-label=\"Cadence\">quarterly<\/td><td data-label=\"Source type\">Fund disclosures<\/td><td data-label=\"Label\"><span class=\"nx-chip\">DECLARED<\/span><\/td><\/tr><tr><td data-label=\"Indicator\">Retail share of investors<\/td><td data-label=\"Unit\">percent<\/td><td data-label=\"Cadence\">periodic<\/td><td data-label=\"Source type\">Fund and regulator data<\/td><td data-label=\"Label\"><span class=\"nx-chip\">REPORTED<\/span><\/td><\/tr><\/tbody><\/table><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"indicators\" data-nxf-kind=\"indicator\" data-nxf-resource=\"nexus:\/\/gra\/A-P10\/topics\/liquidity-and-redemptions\/#indicators\" data-nxf-title=\"Indicators\" data-nxf-height=\"520\" hidden><\/div><\/div><\/div><\/section><section id=\"nx-sec-pipeline\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-8\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">07<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Canvas<\/span><\/div><h2 id=\"nx-s-8\" class=\"nx-section-title\">From sources to decisions.<\/h2><p class=\"nx-lede\">The topic as a computational graph: named sources feed the methods, an evidence review gates the outputs, and the decisions stay with the authorities that hold them.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-plate\" data-wide=\"true\"><div class=\"nx-plate-label\"><span class=\"nx-eyebrow\"><strong>Pipeline canvas<\/strong> \u00b7 Liquidity and redemptions as a run graph<\/span><span class=\"nx-eyebrow\">Design, not a record<\/span><\/div><div class=\"nx-figure-frame\" data-scene=\"true\"><svg class=\"nx-figure nx-ui nx-dag\" viewBox=\"0 0 1200 564\" data-nx-dag=\"true\" data-w=\"1200\" data-h=\"564\" role=\"img\" aria-labelledby=\"nx-dag-a-p10-topics-liquidity-and-redemptions-ng-t nx-dag-a-p10-topics-liquidity-and-redemptions-ng-d\" data-nx-z=\"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\"><title id=\"nx-dag-a-p10-topics-liquidity-and-redemptions-ng-t\">Liquidity and redemptions: climate scenario analysis pipeline<\/title><desc id=\"nx-dag-a-p10-topics-liquidity-and-redemptions-ng-d\">Orderly, disorderly and hot house scenarios supply pathways for carbon prices and macro variables; transition and physical channels change sector and asset outcomes; credit parameters and portfolio losses follow, and results are disclosed with their limits. Design of the process, not a record of a run.<\/desc><\/svg><\/div><\/div><p class=\"nx-caption\"><strong>Fig. 02<\/strong><span>Nodes carry their type, two metric rows and a state; connectors show what feeds what; dashed frames name the owners; the timeline is the cadence. Design of the pipeline, not a record of a run.<\/span><\/p><\/div><\/div><\/section><section id=\"nx-sec-sources\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"stack\" aria-labelledby=\"nx-s-9\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">08<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Sources<\/span><\/div><h2 id=\"nx-s-9\" class=\"nx-section-title\">Where the evidence comes from.<\/h2><p class=\"nx-lede\">Named public datasets and institutional records, each with its licence class. Sources by agreement are used only under their terms and never republished.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Source<\/th><th scope=\"col\">What it gives<\/th><th scope=\"col\">Licence class<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Source\">SEC filings for non-traded BDCs and interval funds<\/td><td data-label=\"What it gives\">Redemption terms, requests and liquidity<\/td><td data-label=\"Licence class\">Public domain<\/td><\/tr><tr><td data-label=\"Source\">ESMA reports on alternative investment funds<\/td><td data-label=\"What it gives\">EU fund liquidity and investor base<\/td><td data-label=\"Licence class\">Free, EU reuse terms<\/td><\/tr><tr><td data-label=\"Source\">IOSCO liquidity risk management recommendations<\/td><td data-label=\"What it gives\">Expectations for liquidity management<\/td><td data-label=\"Licence class\">Free, IOSCO terms<\/td><\/tr><tr><td data-label=\"Source\">FSB and IMF analysis of liquidity mismatch in private markets<\/td><td data-label=\"What it gives\">System perspectives on semi-liquid vehicles<\/td><td data-label=\"Licence class\">Free, FSB and IMF terms<\/td><\/tr><tr><td data-label=\"Source\">European Long-Term Investment Fund (ELTIF) regime documents<\/td><td data-label=\"What it gives\">EU rules for semi-liquid long-term funds<\/td><td data-label=\"Licence class\">Free, EU reuse terms<\/td><\/tr><\/tbody><\/table><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"evidence\" data-nxf-kind=\"evidence\" data-nxf-resource=\"nexus:\/\/gra\/A-P10\/topics\/liquidity-and-redemptions\/#evidence\" data-nxf-title=\"Sources\" data-nxf-height=\"520\" hidden><\/div><\/div><\/div><\/section><section id=\"nx-sec-decisions\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-10\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">09<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Decisions<\/span><\/div><h2 id=\"nx-s-10\" class=\"nx-section-title\">Who decides, and what the evidence serves.<\/h2><p class=\"nx-lede\">Private Credit prepares evidence. The decisions below are taken by the authorities named, under their own rules, and never by the platform.<\/p><\/div><div class=\"nx-section-body\" data-lv=\"ledger\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Who decides<\/th><th scope=\"col\">The question<\/th><th scope=\"col\">Evidence this page serves<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Who decides\">Fund boards and managers<\/td><td data-label=\"The question\">What redemption terms and liquidity buffers to offer<\/td><td data-label=\"Evidence this page serves\">Asset liquidity and investor behaviour evidence<\/td><\/tr><tr><td data-label=\"Who decides\">Securities regulators<\/td><td data-label=\"The question\">What liquidity rules and disclosures apply to semi-liquid vehicles<\/td><td data-label=\"Evidence this page serves\">Fund data and comparative regimes<\/td><\/tr><tr><td data-label=\"Who decides\">Distributors and advisers<\/td><td data-label=\"The question\">Whether products suit retail investors<\/td><td data-label=\"Evidence this page serves\">Suitability rules and product terms<\/td><\/tr><tr><td data-label=\"Who decides\">Lenders to funds<\/td><td data-label=\"The question\">How much liquidity support to provide<\/td><td data-label=\"Evidence this page serves\">Fund liquidity and collateral<\/td><\/tr><\/tbody><\/table><\/div><h3 class=\"nx-h4 nx-mt-4\">Outputs this topic produces<\/h3><ul class=\"nx-list\"><li>Guide to closed-end, evergreen and semi-liquid structures<\/li><li>Brief on gates, queues and liquidity tools<\/li><li>Method note on redemption stress scenarios<\/li><li>Questions for distributors on retail suitability<\/li><\/ul><\/div><\/div><\/section><section id=\"nx-sec-core-questions\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"inset\" aria-labelledby=\"nx-s-11\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">10<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Core questions<\/span><\/div><h2 id=\"nx-s-11\" class=\"nx-section-title\">Shared questions the industry asks.<\/h2><\/div><div class=\"nx-section-body\"><ol class=\"nx-rows\"><li><span class=\"nx-eyebrow nx-index\">01<\/span><div><h3 class=\"nx-h4\">What liquidity do vehicles promise?<\/h3><p class=\"nx-p nx-mt-1\">Redemption frequency, notice periods, limits and gates across vehicle types.<\/p><\/div><\/li><li><span class=\"nx-eyebrow nx-index\">02<\/span><div><h3 class=\"nx-h4\">What liquidity do they hold?<\/h3><p class=\"nx-p nx-mt-1\">Cash, liquid assets and credit lines available to meet redemptions.<\/p><\/div><\/li><li><span class=\"nx-eyebrow nx-index\">03<\/span><div><h3 class=\"nx-h4\">How might investors behave in stress?<\/h3><p class=\"nx-p nx-mt-1\">Whether redemption requests could rise together, and what triggers them.<\/p><\/div><\/li><li><span class=\"nx-eyebrow nx-index\">04<\/span><div><h3 class=\"nx-h4\">What tools manage outflows?<\/h3><p class=\"nx-p nx-mt-1\">Gates, queues, suspension and in-kind redemption, and their effects on confidence.<\/p><\/div><\/li><\/ol><\/div><\/div><\/section><section id=\"nx-sec-mechanisms\" class=\"nx-section\" data-hue=\"finance\" aria-labelledby=\"nx-s-12\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">11<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Mechanisms<\/span><\/div><h2 id=\"nx-s-12\" class=\"nx-section-title\">How the risk arises and transmits.<\/h2><\/div><div class=\"nx-section-body\"><p class=\"nx-p\">Closed-end funds match illiquid assets with locked-up capital, so they face little redemption risk. Their liquidity pressure comes instead from capital calls on investors and from fund-level borrowing.<\/p><p class=\"nx-p\">Semi-liquid vehicles introduce liquidity mismatch: investors can request redemptions periodically, but loans cannot be sold quickly without discounts. Limits and gates are designed to manage this but can themselves prompt more requests if investors fear being locked in.<\/p><p class=\"nx-p\">Investor composition matters. Vehicles marketed to individual investors may face different redemption behaviour from those held by institutions with long horizons.<\/p><p class=\"nx-p\">Investors also face liquidity strains. Pension funds and insurers with commitments to private funds may need cash for other obligations in stress, a problem sometimes called the denominator effect when public assets fall and private allocations rise as a share.<\/p><p class=\"nx-p\">Fund-level credit lines provide liquidity but link funds to banks and can be withdrawn or tightened in stress.<\/p><\/div><\/div><\/section><section id=\"nx-sec-methods-and-limits\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" data-variant=\"stack\" aria-labelledby=\"nx-s-13\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">12<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Methods and limits<\/span><\/div><h2 id=\"nx-s-13\" class=\"nx-section-title\">How evidence is gathered, and where it stops.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Method or data<\/th><th scope=\"col\">What it shows<\/th><th scope=\"col\">Its limit<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Method or data\">Vehicle terms analysis<\/td><td data-label=\"What it shows\">Redemption rights and tools<\/td><td data-label=\"Its limit\">Terms differ widely<\/td><\/tr><tr><td data-label=\"Method or data\">Flow data<\/td><td data-label=\"What it shows\">Subscriptions and redemptions<\/td><td data-label=\"Its limit\">Limited public reporting<\/td><\/tr><tr><td data-label=\"Method or data\">Investor surveys<\/td><td data-label=\"What it shows\">Liquidity needs and behaviour<\/td><td data-label=\"Its limit\">Stated intentions may differ<\/td><\/tr><tr><td data-label=\"Method or data\">Stress simulation<\/td><td data-label=\"What it shows\">Outflows under scenarios<\/td><td data-label=\"Its limit\">Behavioural assumptions uncertain<\/td><\/tr><\/tbody><\/table><\/div><\/div><\/div><\/section><section id=\"nx-sec-methods\" class=\"nx-section\" data-hue=\"finance\" aria-labelledby=\"nx-s-14\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">13<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Methods<\/span><\/div><h2 id=\"nx-s-14\" class=\"nx-section-title\">How it is studied, and what the methods cannot say.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-methods\" data-limits=\"true\"><ol class=\"nx-mledger\" aria-label=\"Methods\"><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskalliance.com\/private-credit\/stem\/financial-economics\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">01<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Financial economics and macro-finance<\/span><span class=\"nx-mledger-role\">Bank to nonbank substitution \u00b7 Sponsor and lender incentives \u00b7 Liquidity mismatch<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/science\/financial-economics\/\" aria-label=\"Financial economics and macro-finance: canonical page on the STEM Commons\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskalliance.com\/private-credit\/stem\/scenario-stress\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">02<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Scenario design and stress testing<\/span><span class=\"nx-mledger-role\">Rate and earnings shocks \u00b7 Fund liquidity scenarios \u00b7 System-wide exercises<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/mathematics\/scenario-stress\/\" aria-label=\"Scenario design and stress testing: canonical page on the STEM Commons\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><li><a class=\"nx-mledger-main\" href=\"https:\/\/globalriskalliance.com\/private-credit\/stem\/financial-engineering\/\"><span class=\"nx-mledger-n\" aria-hidden=\"true\">03<\/span><span class=\"nx-mledger-body\"><span class=\"nx-mledger-name\">Financial and risk engineering<\/span><span class=\"nx-mledger-role\">Loan valuation models \u00b7 Fund leverage structures \u00b7 Synthetic risk transfer<\/span><\/span><span class=\"nx-mledger-go\"><span class=\"nx-mledger-go-label\">Applied here<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><div class=\"nx-mledger-aside\"><a class=\"nx-mledger-canon\" href=\"https:\/\/therisk.global\/stem\/engineering\/financial-engineering\/\" aria-label=\"Financial and risk engineering: canonical page on the STEM Commons\">Canonical \u00b7 STEM Commons <span aria-hidden=\"true\">\u2197<\/span><\/a><\/div><\/li><\/ol><aside class=\"nx-limits\" aria-label=\"What the methods cannot say\"><span class=\"nx-eyebrow\">What the methods cannot say<\/span><p class=\"nx-limits-text\">Semi-liquid vehicles are relatively new and have not been tested through a long severe downturn. Redemption data are disclosed with lags. Investor behaviour in stress is uncertain. Private Credit explains structures and risks; it does not assess any fund or advise investors.<\/p><\/aside><\/div><\/div><\/div><\/section><section id=\"nx-s-15-sec\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-15\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">14<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Questions<\/span><\/div><h2 id=\"nx-s-15\" class=\"nx-section-title\">Questions and answers.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-faq\"><details><summary>What is a semi-liquid private credit fund?<\/summary><div class=\"nx-answer\">A vehicle that holds private loans and allows investors to redeem periodically, usually subject to limits, rather than locking capital for the fund's life.<\/div><\/details><details><summary>What is a redemption gate?<\/summary><div class=\"nx-answer\">A limit on how much investors can withdraw in a period, used to prevent forced sales when requests exceed available liquidity.<\/div><\/details><details><summary>Why is retail access a concern?<\/summary><div class=\"nx-answer\">Because individual investors may not expect redemptions to be limited, and their behaviour in stress can differ from institutions'.<\/div><\/details><details><summary>Does GRA recommend vehicles to investors?<\/summary><div class=\"nx-answer\">No. It recommends no vehicle or manager and gives no investment advice.<\/div><\/details><details><summary>Why does the denominator effect matter?<\/summary><div class=\"nx-answer\">Because falling public asset values can push institutions over their private-asset limits, reducing their capacity or willingness to commit.<\/div><\/details><\/div><\/div><\/div><\/section><section class=\"nx-section\" data-tone=\"alt\" aria-labelledby=\"nx-rel-16\"><div class=\"nx-container\"><span class=\"nx-eyebrow\">Related<\/span><h2 id=\"nx-rel-16\" class=\"nx-h3 nx-mt-2\">Around Private Credit.<\/h2><nav class=\"nx-related nx-mt-3\" aria-label=\"Related\"><a href=\"https:\/\/globalriskalliance.com\/private-credit\/topics\/direct-lending\/\">Direct lending <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/private-credit\/topics\/leverage-and-refinancing\/\">Leverage and refinancing <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/private-credit\/topics\/valuation-and-data-gaps\/\">Valuation and data gaps <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/private-credit\/topics\/bank-nonbank-connections\/\">Bank nonbank connections <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/private-credit\/topics\/insurance-and-private-credit\/\">Insurance and private credit <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/private-credit\/topics\/concentration-and-industry\/\">Concentration and industry <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/private-credit\/\">Private Credit home <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/private-credit\/counterparts\/\">Counterparts across the Consortium <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/\">The Global Risks Alliance home <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a href=\"https:\/\/globalriskalliance.com\/trust\/\">GRA governance and trust <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/nav><\/div><\/section><section class=\"nx-closing\" aria-labelledby=\"nx-close-17\"><div class=\"nx-container\"><span class=\"nx-eyebrow\">Private Credit<\/span><h2 id=\"nx-close-17\" class=\"nx-section-title\">Bring your expertise to this field.<\/h2><p class=\"nx-lede\">The current service level is R0: information and enquiries. An enquiry receives a reference and names the next step; applications, payments, compute allocations and registrations open only when their team, terms and review capacity exist.<\/p><div class=\"nx-actions\"><a class=\"nx-btn\" data-variant=\"primary\" href=\"mailto:contact@globalriskalliance.com?subject=Private%20Credit%3A%20Liquidity%20and%20redemptions\">Write to the team <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a class=\"nx-btn\" data-variant=\"secondary\" href=\"https:\/\/globalriskalliance.com\/private-credit\/contact\/\">See all contact routes<\/a><\/div><\/div><\/section><\/div><\/div><script class=\"_iub_cs_skip\">window.__nxMount ? window.__nxMount(document.currentScript) : null;<\/script>\n\n\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"FAQPage\",\"@id\":\"https:\/\/globalriskalliance.com\/private-credit\/topics\/liquidity-and-redemptions\/#faq\",\"isPartOf\":{\"@id\":\"https:\/\/globalriskalliance.com\/private-credit\/topics\/liquidity-and-redemptions\/#webpage\"},\"inLanguage\":\"en\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is a semi-liquid private credit fund?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A vehicle that holds private loans and allows investors to redeem periodically, usually subject to limits, rather than locking capital for the fund's life.\"}},{\"@type\":\"Question\",\"name\":\"What is a redemption gate?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A limit on how much investors can withdraw in a period, used to prevent forced sales when requests exceed available liquidity.\"}},{\"@type\":\"Question\",\"name\":\"Why is retail access a concern?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Because individual investors may not expect redemptions to be limited, and their behaviour in stress can differ from institutions'.\"}},{\"@type\":\"Question\",\"name\":\"Does GRA recommend vehicles to investors?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It recommends no vehicle or manager and gives no investment advice.\"}},{\"@type\":\"Question\",\"name\":\"Why does the denominator effect matter?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Because falling public asset values can push institutions over their private-asset limits, reducing their capacity or willingness to commit.\"}}]},{\"@type\":\"DefinedTermSet\",\"@id\":\"https:\/\/globalriskalliance.com\/private-credit\/topics\/liquidity-and-redemptions\/#terms\",\"name\":\"Key terms: Liquidity and redemptions\",\"inLanguage\":\"en\",\"isPartOf\":{\"@id\":\"https:\/\/globalriskalliance.com\/private-credit\/topics\/liquidity-and-redemptions\/#webpage\"},\"hasDefinedTerm\":[{\"@type\":\"DefinedTerm\",\"name\":\"Evergreen fund\",\"description\":\"A fund without a fixed end date that accepts new capital and allows periodic redemptions.\",\"inDefinedTermSet\":{\"@id\":\"https:\/\/globalriskalliance.com\/private-credit\/topics\/liquidity-and-redemptions\/#terms\"}},{\"@type\":\"DefinedTerm\",\"name\":\"Interval fund\",\"description\":\"A United States fund that offers to repurchase a set share of shares at regular intervals.\",\"inDefinedTermSet\":{\"@id\":\"https:\/\/globalriskalliance.com\/private-credit\/topics\/liquidity-and-redemptions\/#terms\"}},{\"@type\":\"DefinedTerm\",\"name\":\"Redemption queue\",\"description\":\"A mechanism under which redemption requests above a limit are deferred to later periods.\",\"inDefinedTermSet\":{\"@id\":\"https:\/\/globalriskalliance.com\/private-credit\/topics\/liquidity-and-redemptions\/#terms\"}}]}]}<\/script>\n\n<!-- nx-rev:823f742d32543aca -->\n<!-- nx-path:\/topics\/liquidity-and-redemptions\/ -->","protected":false},"excerpt":{"rendered":"<p>LightDarkAuto A-P10 \u00b7 TOPIC \u00b7 liquidity-and-redemptionsGRA dossier \u00b7 service level R0 GRA\u00b7Private Credit\u00b7In development Topic dossier \u00b7 Private Credit Liquidity and redemptions Most private credit sits in closed-end funds with &hellip; <a href=\"https:\/\/globalriskalliance.com\/private-credit\/topics\/liquidity-and-redemptions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Liquidity and redemptions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":28,"menu_order":902,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_buddyx_sub_header_visibility":"","_buddyx_sub_header_title_visibility":"","_hide_show_side_panel":"","_buddyxpro_page_sidebar":"","_buddyxpro_page_disable_header":"","_buddyxpro_page_disable_footer":"","_buddyxpro_page_content_width":"","_buddyxpro_page_header_style":"","_buddyxpro_page_color_mode":"","_buddyxpro_page_loader":"","footnotes":""},"class_list":["post-50","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/globalriskalliance.com\/private-credit\/wp-json\/wp\/v2\/pages\/50","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalriskalliance.com\/private-credit\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/globalriskalliance.com\/private-credit\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/globalriskalliance.com\/private-credit\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalriskalliance.com\/private-credit\/wp-json\/wp\/v2\/comments?post=50"}],"version-history":[{"count":1,"href":"https:\/\/globalriskalliance.com\/private-credit\/wp-json\/wp\/v2\/pages\/50\/revisions"}],"predecessor-version":[{"id":91,"href":"https:\/\/globalriskalliance.com\/private-credit\/wp-json\/wp\/v2\/pages\/50\/revisions\/91"}],"up":[{"embeddable":true,"href":"https:\/\/globalriskalliance.com\/private-credit\/wp-json\/wp\/v2\/pages\/28"}],"wp:attachment":[{"href":"https:\/\/globalriskalliance.com\/private-credit\/wp-json\/wp\/v2\/media?parent=50"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}