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BlackRock Caps Withdrawals at $26B Private Credit Fund as Investors Rush for the Exit

BlackRock capped redemptions at its $26B HPS Corporate Lending Fund (HLEND) after record withdrawal requests hit 9.3%, signaling stress in private credit markets and sending BLK shares down sharply.

BlackRock Caps Withdrawals at $26B Private Credit Fund as Investors Rush for the Exit
Credit: Jeenah Moon/Bloomberg
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