BlackRock HPS’s semi-liquid private credit fund caps redemption at 5% limit
As exit requests for the perpetual nontraded BDC, HPS Corporate Lending Fund, surge past its original liquidity limits, some investors will not get their money back in full this quarter

CLO ETFs see USD 1bn+ in outflows as retail investors react to software, Iran
EXCLUSIVE: The software sell-off and Iranian conflict have rattled the retail market and led to a spike in outflows, according to Octaura data

BlackRock TCP reports new write-downs, wiping out 19% of NAV
Loans on non-accrual now account for 9.7% of cost for the BDC’s portfolio and 4% of fair value, the fourth quarter earnings presentation shows

NYS system commits USD 500m as Illinois plans private credit RFP
NYSCRF allocates USD 500m to BlackRock, Ares and Pearl Diver; Boston, San Joaquin pensions also reveal recent commitments; Illinois police pension plans private credit search in June

Retail and consumer credits show weaker fundamentals – BlackRock co-head of leveraged finance Mitch Garfin
PODCAST: There are opportunities in the market, according to Mitch Garfin, co-head of leveraged finance at BlackRock – but consumer and retail-oriented sectors are under pressure 

BlackRock prices unusual single-tranche static CLO
The USD 399m deal, arranged by Morgan Stanley, was split almost evenly between a single triple A-rated loan tranche, and LP interests

BlackRock TCP’s BDC waives Q4 fees, anticipating NAV drop
The listed BDC faces nearly a 20% plunge in net asset value after making a series of bad bets

Mid-market CLO rankings – full-year 2025
EXCLUSIVE: Golub extended its reign at the top on the manager tables, but BlackRock/HPS vaulted into second place ahead of Apollo, while Wells Fargo secured the arranger crown

AI capex set to expand at unprecedented speed and scale – BlackRock
The 2026 outlook from the BlackRock Investment Institute notes that capital spending ambitions tied to the buildout of the artificial intelligence boom are so large that the micro is becoming macro

BlackRock, Onex issue at tighter end of recent deals with new US CLO prints
Both Magnetite LII and OCP CLO 2025-48 issued with weighted costs of debt under SOFR plus 150bps

BlackRock rockets up after HPS buyout
After its acquisition of HPS, BlackRock has risen from 18th place to seventh in the US BSL AUM table. The highest-profile faller is UBS, which dropped out of the top 10. It was top in 2024

BlackRock launches securitised fund investing up to 30% in CLOs
The BGF Securitised Fund has a remit to invest in AAA to BBB tranches of European and US CLOs 

US CLOs hit SOFR plus 120bps benchmark as BlackRock prints tight
Magnetite LI also issued particularly tight in the lower mezz, with all tranches including single Bs pricing at par

US CLO spreads grind in as Onex and BlackRock issue at 123
US CLO spreads dipped further on Wednesday, as Onex priced a new issue via Citi and BlackRock teamed with Santander to print its latest reset

Oaktree hires former BlackRock MD for private debt sourcing
The former BlackRock managing director joins to source private debt deals in North America

End of week sees private credit CLO issuance rush
The mid-market saw a flurry of issues from Eldridge, Churchill, StepStone and BlackRock toward the end of last week, with the total value of the four deals across Thursday and Friday totalling over USD 1.5bn

Not shying away from credit risk is the right call – BlackRock’s Amanda Lynam
Corporates have showcased resilience in navigating policy shifts, according to Amanda Lynam, Head of Macro Credit Research within the Portfolio Management Group at BlackRock, on the latest edition of the ‘Credit Exchange’ podcast with Lisa Lee

Goldman launches private credit fund for retirement portfolios
The product will be used in a retirement product backed by Great Gray, BlackRock and Wilshire Advisors to give individual investors access to public and private assets

BlackRock plans private markets LifePath retirement fund for 2026
The asset manager, which closed its HPS acquisition earlier this month, looks to launch its own proprietary private-public market target date fund

BlackRock prices tight with latest new BSL print
Magnetite 50 matched the current market tight for triple As and set a new low for double Bs

BlackRock pushes private markets for revenue diversification
The world’s largest asset manager is planning to launch three new private credit products for the wealth channel, in addition to its purchase of private credit shop HPS

BlackRock cuts almost 74bps off funding cost in reset of 2023 CLO
The reset of Magnetite XXXVI is the latest in a series of 2023-vintage repricings from multiple managers

BlackRock issues new private credit CLO with triple As at emerging mid-160 level
BlackRock Mt. Lassen CLO XV is the manager's first new mid-market deal since July last year

Direct lenders ‘cruise,’ but watch for tariff impact
Private credit managers, investors of all types and service providers gathered in Nashville for DealCatalyst’s annual private credit conference

BlackRock prices new US issue with three triple B tranches
A senior tranche of triple Bs priced at SOFR plus 315bps, while two pari passu junior tranches pay 335 and 320bps