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    BlackRock $26 Billion Private Credit Fund Limits Withdrawals


    Source: Bloomberg.com

    https://share.google/CkdTTy0xG7E63jmfT

    Posted by Successful_Cod4379

    49 Comments

    9. PossibilityLocal5335 on

      Anyone else a bit worried because of this? To limit withdrawals seems to me like a last resort thing that you try to avoid at all costs?

    15. CashComet on

      I have a friend who invested huge sums into a tier 3 crypto exchange. He was making huge, consistent gains and very little losses. Only thing is that he couldn’t cash out any of it because of some “glitch”, what a waste uh

    16. Marko-2091 on

      Seems that this is one of the events that people ignored in the next big short movie

    18. browsk on

      Guys this has been announced for the entire trading day and y’all acting like it’s a nuke launched, it’s priced in already

    21. amievenrelevant on

      Step 1: make private credit fund, get billions of dollars
      Step 2: ????
      Step 3: profit

    22. Efficient_Win_3902 on

      26B is not a lot, but if this creates a ripple effect we could be in for a very rough ride

    23. The_Juice_Gourd on

      This will essentially trigger a bank run type of situation for private credit funds

    24. AccountOfMyAncestors on

      These motherfuckers couldn’t wait until AFTER the market closes to release this info? Forced me to buy to close my CSP position at a loss, fuckers

    25. Asleep_Emphasis69 on

      private funds are fucking stupid and people who invest with them deserve to lose money

    26. Straight-Ad6926 on

      BlackRock is just protecting you from yourself. You were probably just going to spend that money on something silly like groceries or a mortgage.

    34. fredandlunchbox on

      Is this because of middle east liquidity? Seems like a high overlap between people who would be invested in this fund and people who were living in the middle east.

    38. The_Juice_Gourd on

      BlackRock limiting withdrawals and Oracle cancelling data center expansion on the same day lmao.

      I can’t hear the music guys.

    43. kaanivore on

      Illiquidity premium – you can’t lose money if you can’t redeem it 👏🎉👑

    48. TGG-official on

      Okay – honestly I work as a financial advisor and when you invest in these and read the terms WHICH IS REQUIRED, it literally says in plain English “5% quarterly redemption limit.” They are LITERALLY just following the rules they setup and are standard for private credit evergreen funds. This is a nothing burger. Now if they say “no redemptions allowed” that is completely different. Happy to answer questions

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