James Crombie

Person

Last mentioned: Mar 6, 2026

Timeline

  1. Market Assessment

    Analysts and competitors begin monitoring other non-traded BDCs for potential contagion effects.

  2. Redemption Spike Reported

    BlackRock reveals that HLEND investors requested to withdraw 9.3% of outstanding shares.

  3. Withdrawal Cap Triggered

    Management implements the 5% quarterly repurchase limit, prorating all redemption requests.

Stories mentioning James Crombie 1

markets Bearish

BlackRock Caps Redemptions in $26B Private Credit Fund Amid Liquidity Stress

BlackRock has limited withdrawals from its $26 billion HPS Corporate Lending Fund after redemption requests hit 9.3% of outstanding shares, nearly double the fund's 5% quarterly cap. The move highlights growing liquidity concerns in the $1.8 trillion private credit market as investors seek to exit non-traded vehicles.

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