Back to News Feed
escalatory·Mar 9·Monday, March 9, 2026
BlackRock, Blackstone Gate Redemptions on $100B+ Private Credit Funds
escalatory·93% confidence
Summary
BlackRock's $26B HLEND fund capped redemptions at 5% after 9.3% requested ($620M of $1.2B returned). Blackstone's $82B BCRED fund faces record 7.9% redemption requests, injected $400M of its own capital. RA Stanger forecasts 40% decline in BDC capital formation for 2026.
Risk Impacts (1)
World's two largest asset managers simultaneously gating — $1.8T private credit market stress test
Current probability:70%High