Ninepoint Partners has suspended cash distributions for three of its private credit funds, the Ninepoint-TEC Private Credit Fund II, the Ninepoint Alternative Income Fund and the Ninepoint Canadian Senior Debt Fund, according to a Wealth Professional article.
Ninepoint issued a statement to Bloomberg: “After reviewing our various liquidity options, Ninepoint Partners and our subadvisers have determined that the best path forward to preserve liquidity and balance the long-term goals of these three affected funds is to redirect future distribution into additional units rather than cash distributions starting July 1.”
