BlackRock capped withdrawals at 5% in its $26 billion private credit fund despite 9.3% redemption requests, while Blackstone processed a record 7.9% withdrawal request in its similar fund, covering the excess with firm capital. – Slavyangrad

 BlackRock capped withdrawals at 5% in its $26 billion private credit fund despite 9.3% redemption requests, while Blackstone processed a record 7.9% withdrawal request in its similar fund, covering the excess with firm capital.

MEANING: Investors are trying to pull money out of private credit funds faster than the funds can convert their illiquid loans into cash.

BlackRock capped withdrawals at 5%, while Blackstone covered excess redemptions with firm capital, highlighting growing liquidity concerns in the sector.

Bit scary, though this is a small fund in Blackrock’s overall assets.

– Clash Report

@Slavyangrad

READ FULL ARTICLE: This article originally appeared on Slavyangrad

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