BlackRock has implemented limits on redemptions at one of its private credit funds as outflows increase amid rising liquidity challenges faced by private credit funds from major managers. This decision follows recent markdowns by BlackRock on the value of certain private loans, underscoring the inherent risks in the asset class. Additionally, investor sentiment has been negatively impacted, with retail interest in private credit waning after similar gating actions at competing funds such as Blue Owl.
BlackRock limits redemptions at private credit fund amid outflows
