They had this sort of thing in a mud I played in. It would save bother of tuning a radio to someone on the roster and switching it back, in order to private someone.
Busher types:
.private Thrawn Hi.
Thrawn recieives as a private message:
Busher: Hi.
Thrawn types:
.reply How are you doing?
Busher recieves as a private message:
Thrawn: How are you doing?
Busher types:
.reply Pretty good.
Thrawn recieves as a private message:
Busher: Pretty good.