Investment

Private Credit Pressures Mount as BlackRock Limits Client Redemptions

Market watchers and policymakers wonder if trouble is brewing in the $2 trillion private credit market.
Private Credit Pressures Mount as BlackRock Limits Client Redemptions
A man walks into the BlackRock offices in New York City on Jan. 16, 2014. Andrew Burton/Getty Images
Andrew Moran
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BlackRock, the world’s largest asset manager, said on March 6 that it has restricted withdrawals from a major debt fund amid a wave of client redemption requests.

Investors have been seeking to recover their funds from BlackRock’s $26 billion Corporate Lending Fund.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."