Canada’s Ninepoint Halts Cash Payouts on Three Credit Funds

-- Canadian investment manager Ninepoint Partners LP is temporarily suspending cash distributions in three of its private credit funds, making it the latest lender to put a squeeze on investors to cope with a liquidity crunch.Unitholders of funds with about C$2 billion of assets won’t be able to receive cash payouts, Toronto-based Ninepoint confirmed after inquiries from Bloomberg News. The firm will revisit its decision in the third quarter.

Ninepoint, which oversees about C$7 billion, is among those firms offering flexible terms to some borrowers, but with higher risks. Some real estate funds, including the $10 billion Starwood Real Estate Income Trust, have also taken steps to limit the ability of investors to pull cash out.What April's PCE data means for future Fed rate decisions

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