BlackRock's HPS Corporate Lending Fund Caps Withdrawals Amid Investor Concerns
BlackRock (NYSE: BLK) has limited withdrawals from its $26 billion private credit fund, HPS Corporate Lending Fund, to 5% amid rising investor concerns and redemptions. The non-traded BDC provides loans to smaller companies with longer-term durations, creating a liquidity mismatch as investors seek short-term exits.
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