BlackRock just froze part of $1.2B in withdrawal requests from its private credit fund. 🚨

Here’s what happened:
• Investors in BlackRock’s $26B fund requested 9.3% of assets back
• BlackRock capped withdrawals at 5%
• Only $620M was paid out
• Nearly half of investors couldn’t exit
At the same time:
• Blackstone saw record redemption requests
• Blackstone injected $400M of its own capital
• Blue Owl stopped honoring redemptions
Private credit stocks dropped 5–6% across the board.
A $1.8T market is suddenly facing liquidity pressure.