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The Carlyle Group’s (NASDAQ:CG) flagship private credit interval fund received a large amount of repurchase requests as turmoil in the private credit sector continues.
The Carlyle Tactical Private Credit Fund (CTAC), which has more than $7 billion in assets, received requests of 15.7%, three times its threshold of 5%, a shareholder letter stated, as reported by the Wall Street Journal.
CTAC leverages Carlyle’s Global Credit platform and seeks to provide access to a broad range of private credit strategies. Under normal circumstances, the fund will invest at least 80% of its assets in private fixed income securities and credit instruments, the firm’s
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