The $31 billion Cliffwater Corporate Lending Fund informed shareholders on Thursday that they would only be able to redeem approximately one-third of their requested amounts, Bloomberg reported. This marks the third consecutive quarter the fund has faced significant redemptions, following requests of roughly 14% and 17% in Q1 and Q2, respectively. The fund capped redemptions at 5%, aligning with non-traded BDCs earlier this year. Additionally, the $77 billion Blackstone Private Credit Fund also disclosed that it would again cap redemptions at 5% after investors sought to withdraw about 10% of their shares.