BlackRock has limited investor withdrawals from its flagship HPS Corporate Lending Fund after redemption requests surged past the fund’s 5 percent quarterly threshold, highlighting growing pressure across the private credit sector.
The $26 billion fund received $1.2 billion in withdrawal requests in the first quarter, forcing BlackRock to approve only $620 million while restricting the remainder to avoid selling illiquid loans at disadvantageous prices.
The move comes as concerns deepen over loan quality and defaults in the $2 trillion private credit market, with similar pressure already affecting Blackstone Inc. and Blue Owl Capital, while BlackRock shares fell sharply amid broader market nerves linked to weak US jobs data and heightened geopolitical and Middle East tensions.
Globalist control over the world if crumbling. Long live President Trump – Drain the swamp!!!
Nah, they’re just doing a hit job on their Arab investors. They know a lot of them won’t be around for long and they’ll be able to keep the money they might have tried to withdraw.
Don t worry michelle, trump is going down with the swamp. Good riddance of the US vulture, its criminal president and sold out gvt.
This is bigger than 1987.
More like 1930’s.
Bring it on I have been waiting for the shit to hit the fan.