BlackRock Private Credit Fund Gates Investors Amid Surging Redemptions
BlackRock's private credit fund has gated investors, honoring less than 40% of redemption requests, as the fund faces a surge in withdrawal demands. This move limits investors' ability to pull out their money.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (32/100)Sources
BlackRock private credit fund honours less than 40% of redemption requests
The firm’s $13bn HPS Corporate Lending Fund limits withdrawals for a second consecutive quarter
Read full article →Blackrock's Private Credit Fund Gates Investors Again After Redemption Requests Surge
Blackrock's Private Credit Fund Gates Investors Again After Redemption Requests Surge The market may be in full-blown face-ripping bubble mode, and software stocks are now gripped in by a category 5 gamma squeeze hurricane, but not even that is helping the ongoing debacle that is private credit. One week after Cliffwater's Private Credit fund gated investors for a second straight quarter, and days after Blackstone also gated investors in its private credit fund for the first tim...
By Tyler Durden
Read full article →Coverage Timeline
Related Stories
Honda Orders $9 Billion Supplier Cost Cuts to Counter Chinese EV Rivals
40m ago
US-Iran Conflict Intensifies with Retaliatory Strikes and Rising Energy Prices
43m ago
Apple Appoints John Ternus as CEO Amid Leadership Transition and Strategic Shift
45m ago
Nestlé to Sell Vitamins Business to Financial Investor for $1 Billion
1h ago