Morgan Stanley BDC caps redemptions at 5% after $169M requests; top AI infrastructure picks named
North Haven Private Income Fund honored only 5% of Q1 redemption requests after investors sought to redeem 10.9% of shares, or roughly $169 million, and held $2.2 billion of liquidity. MS analysts named Snowflake, Datadog, Akamai and JFrog as top infrastructure software picks expected to gain from AI-driven demand.
1. Q1 Redemption Limits in North Haven BDC
North Haven Private Income Fund LLC honored just 5% of investor redemption requests in Q1 after shareholders sought to exit 10.9% of shares, roughly $169 million. The fund maintained its stated 5% quarterly repurchase cap and held $2.2 billion in available liquidity as of January 31 to avoid forced asset sales.
2. Infrastructure Software Recommendations
Following its TMT conference, Morgan Stanley analysts identified Snowflake, Datadog, Akamai and JFrog as leading infrastructure software names poised to benefit from rising AI-driven demand for data infrastructure, observability and mission-critical multicloud platforms.