JPMorgan Wins SEC Approval for Monthly Redemptions, 2% Floor in Private Credit Fund
JPMorgan received SEC approval for a private credit fund allowing monthly redemptions with a 2% minimum repurchase floor at net asset value, marking a departure from the industry's standard quarterly model. The fund's quarterly aggregate repurchases are capped between 5% and 25% of outstanding
GateNews·06-23 20:01
