BlackRock private credit fund redemptions fall in third quarter

BlackRock private credit fund sees redemption pressure ease in third quarter

BlackRock's flagship private credit fund saw lower redemption requests in the third quarter, signalling that pressure in the sector may be easing. Withdrawal requests at other BlackRock funds also declined, while analysts said improving sentiment and a clearing redemption backlog could support private credit firms and asset managers.

BlackRock private credit fund redemption requests fall in third quarter

Withdrawal requests at asset manager BlackRock's flagship private ​credit fund slowed in the ‌third quarter, according to a regulatory filing on Friday, signaling that redemption ​pressures across the industry ​are beginning to ease.

BlackRock private credit fund redemption requests ease in Q3

Redemption requests at BlackRock’s HPS Corporate Lending Fund fell in the third quarter as withdrawal pressure on the private credit fund eased from the previous three months. Investors tendered around 11.5 per cent of the fund’s shares for repurchase, down from 13.3 per cent in Q2, according to a regulatory filing. The fund will repurchase […]