BlackRock and Blackstone Restrict Withdrawals, Echoing Alarming Signals From 2007 Crisis
Alarming signals are emerging in the private credit market, valued at $2 trillion. BlackRock and Blackstone have restricted fund withdrawals, reviving comparisons with 2007 subprime turmoil.
| Countries | États-Unis |
|---|---|
| Companies | BlackRock, Blackstone, Blue Owl, JPMorgan Chase, BNP Paribas |
| Theme | Marchés & Finance, Analyse sectorielle |
Alarm bells are ringing across the private credit market. BlackRock, the world's largest asset manager with over $14 trillion in assets under management, announced Friday that it had restricted withdrawals from its flagship debt fund in response to a surge in redemption requests. Days earlier, Blackstone had raised the redemption limit on its BCRED Private Credit Fund to cope with record withdrawals. These restrictions follow a similar incident last month at Blue Owl, another alternative asset manager.
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