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Edward Dowd, founding partner and ex-BlackRock executive at OceanSquare Asset Mgmt, observes that redemptions in the private credit segment have accelerated from Q1 to Q2, specifically citing Morgan Stanley's private credit fund.
He warns that this trend is not a positive sign for the typically opaque and illiquid private credit industry.
Dowd has recently commented on disclosures by tech startups. In March, he criticized AI company Anthropic for withholding financial information from potential debt financiers during funding discussions, according to a previous report. Earlier, he reported that China's economy continued to weaken in May as retail sales posted their first decline in over three years, as noted in a separate update.