CVS Lane, the private credit firm run by the wealthy Liberman family, has told investors it will extend a block on redemptions from its two property-backed private credit funds amid a further deterioration in conditions in the real estate market.
The $2.1 billion lender informed investors in the funds that it was conducting a valuation review that may result in writedowns, while a “significant tightening of credit across the Australian real estate markets” could further delay the re-opening of the funds.
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