NYSE:BLKCapital Markets
BlackRock Private Credit Strain Tests Liquidity Promises And Investor Confidence
BlackRock (NYSE:BLK) limited withdrawals from its HPS Corporate Lending Fund (HLEND) for the first time, capping redemptions at 5% of total shares.
The move comes as HLEND faces rising redemption pressure in a challenging private credit environment.
A securities fraud investigation has been opened into whether BlackRock and certain officers engaged in unlawful business practices.
Similar withdrawal restrictions at other private credit managers point to broader funding and liquidity stress...