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As BlackRock, JP Morgan Block Fund Redemptions, Fears of Liquidity Crisis Grow

BlackRock’s $26B Fund Faces Unprecedented Redemption Wave – BLACKROCK’S $26B FUND HIT WITH $1.2B IN REDEMPTIONS


Mounting redemption pressures at some of the world’s largest investment firms — including BlackRock, Blackstone, and banks such as JPMorgan Chase — are fueling growing concerns on Wall Street that the booming private-credit industry may be entering a period of serious financial stress.

In recent weeks, several large private-credit funds have begun limiting investor withdrawals, a move known as “gating,” after redemption requests surged well beyond the levels the funds are designed to handle.

The development has revived uncomfortable comparisons to early warning signs that preceded the global financial crisis nearly two decades ago. ---More...


BlackRock halts full redemptions from its $26B HPS Corporate Lending Fund after $1.2B in withdrawal requests. Private credit faces major stress test.

BLACKROCK’S $26B FUND HIT WITH $1.2B IN REDEMPTIONS


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