US EditionBlackRock limits withdrawals from private credit fund after surge in redemption requests
BlackRock limited withdrawals after receiving $1.2 billion in redemption requests, paying out $620 million and capping redemptions at 5% to manage liquidity risks amid private credit concerns.
- BlackRock has limited withdrawals from its $26 billion HPS Corporate Lending Fund after a surge in redemption requests.
- Sentiment has soured around private credit in recent months, with investor worries mounting around the $2 trillion industry.
- Recent corporate failures have raised concerns about lending standards in the private credit market.
46 Articles
46 Articles
The largest asset manager in the world has limited withdrawals on one of its funds. Some see it as the beginning of a confidence crisis. ...
The global financial giant BlackRock has, on Friday, limited withdrawals on one of its funds, specialized in private credit. For several weeks, the doubt has taken hold of this sector weighing thousands of billions of dollars, especially with regard to the quality of certain assets.
The New York giant has limited the withdrawals of money from his HPS Corporate Lending Fund. Learn more: SpainCap presses Economy to include private capital within the personal savings and investment account
The group reported that liquidity management for the main consumer credit product is a ‘main’ feature of the investment.
Amidst the nervousness of the global financial market, the HPS Corporate Lending Fund of USD 26 billion reported that shareholders asked to withdraw 9.3% of their shares, but the administration decided to set a cap
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