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.
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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
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