BlackRock and Blackstone Limit Withdrawals, Echoing 2007 Subprime Alarm Signals
Withdrawal restrictions by BlackRock and Blackstone on their private credit funds revive the specter of 2007, when BNP Paribas and Bear Stearns froze their subprime funds before global collapse.
| Countries | États-Unis |
|---|---|
| Companies | BlackRock, Blackstone, BNP Paribas, Blue Owl, JPMorgan Chase |
| Theme | Marchés & Finance, Analyse sectorielle |
BlackRock, the asset manager with assets under management exceeding $14 trillion, announced Friday that it restricted withdrawals from its primary debt fund following a sharp surge in redemption requests. Days earlier, Blackstone had raised the redemption cap on its BCRED Private Credit Fund to manage record-level withdrawals. These announcements came in the wake of a similar incident at Blue Owl, another alternative asset manager, that occurred the previous month.
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