BlackRock’s private credit unit wrote down a $25M loan to zero, spotlighting valuation lags and direct lending risk.
BlackRock (BLK) stock fell 6% after writing off a $25M loan and facing $1.2B in redemption requests, exposing stress in the ...
The markdown in a niche direct loan is sharpening focus on how semi-liquid funds handle redemption spikes from clients.
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