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How Liquid Are Private-Credit Funds? It Depends How You Define ‘Liquidity’

Appeared on August 10, 2026

Research on the vulnerability of semi-liquid private credit funds from Chuck Fang, PhD, assistant professor of finance, was mentioned in an Aug. 9 Wall Street Journal article about the liquidity, or accessible cash, of private credit funds and the lack of a standard definition to govern how funds report liquidity.