BlackRock Offloads $523 Million in Loans to Rescue Troubled Private Credit Fund
BlackRock TCP Capital is selling a $523 million portfolio of private credit investments after mounting pressure.
BlackRock is selling a big pile of loans it owns because its private credit fund (money lent to companies) is facing problems. When a big money manager has to sell things quickly, it can signal that some investments aren't working as well as hoped—worth noticing when you follow that fund.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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