BLACKROCK JUST BLOCKED INVESTOR WITHDRAWALS 🚨


- $26B private credit fund
- $1.2B redemption requests
- BlackRock response:
- cap withdrawals at 5%
- only $620M paid
- Nearly half of investors who wanted out…
- couldn’t leave.
- It’s spreading.
- Blackstone:
- record 7.9% redemptions
- $400M injected to cover demand
- Blue Owl:
- stopped honoring withdrawals
- issued IOUs.
- Markets reacted fast.
- BLK down ~5%.
- Entire private credit sector drops.
- The Problem:
- these funds hold illiquid loans.
- When investors want out…
- the money isn’t there.
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