Blue Owl Capital has imposed permanent withdrawal limits on one of its retail debt funds.
The move raised concerns among investors about pressure in the private credit market.
However, Nuveen downplayed fears over wider risks.
Laura Cooper, Nuveen’s global investment strategist, said private credit remains a strong long-term asset class.
She described private credit as becoming a “core institutional portfolio holding” for major investors.
Cooper said demand from pension funds and insurers continues to grow.
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She added that tighter controls reflect risk management, not market weakness.
Analysts say fund limits aim to protect investors during periods of heavy withdrawals.
Private credit involves lending outside traditional banks, often to companies.
The sector has expanded rapidly as interest rates and regulation reshape banking.
Market watchers say the episode highlights the need for careful liquidity planning.
Still, industry leaders argue private credit will keep attracting long-term capital.
