• Aura Group Holdings published an analysis warning that redemption terms in open-ended private credit funds can overstate real liquidity.
• It flagged a mismatch between monthly or quarterly redemption windows and multi-year, non-tradeable loans that may only be realizable at discounts.
• Under stress, funds may impose gates, suspend withdrawals, or add exit fees, shifting liquidity from contractual cash flow to manager discretion.
• The paper highlighted amortization as the highest-quality liquidity source, with inflows or leverage prone to failure during market dislocations.
• It argued liquidity terms should match asset duration, pointing to short-tenor Australian business lending and securitized warehouses as better aligned.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aura Group Holdings Pte Ltd. published the original content used to generate this news brief on September 29, 2026, and is solely responsible for the information contained therein.