BlackRock fund limits withdrawals as redemptions rattle private credit [View all]
Source: Reuters
BlackRock said on Friday it has limited withdrawals from a flagship debt fund after a surge in redemption requests, as investor worries mount around the $2 trillion private credit industry.
Shares of the world's largest asset manager fell 6.7% on the New York Stock Exchange, amid a broader market selloff after worse-than-expected U.S. jobs data and escalating U.S.-Israeli war against Iran.
Sentiment has soured around private credit in recent months, and retail investors are increasingly asking for their money back from funds like BlackRock's $26 billion HPS Corporate Lending Fund (HLEND), which were designed to be open to wealthy individuals.
"It should serve as a warning sign for the industry and the rulemakers about the downside of illiquid funds for retail investors," said Greggory Warren, senior stock analyst at Morningstar.
Read more: https://www.reuters.com/business/blackrock-limits-withdrawals-private-credit-fund-redemptions-mount-2026-03-06/
A run on private equity and we're only one week into this war. This is bad. That 4.4% unemployment rate and 95,000 US job losses they announced today are only going to get worse. Buckle up.
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