BLK - BlackRock Inc.

BlackRock reported completely writing off a loan to Infinite Commerce Holdings despite it being valued at 100 cents on the dollar just 3 months prior. The firm also adhered to 5% redemption restrictions amid roughly 10% withdrawal requests. However, BlackRock has highlighted that non-accrual rates remain below their 10-year average.

BlackRock was starting to limit withdrawals in a private credit fund due to a surge in outflows. Described as one of the private credit exposed names with big losses.

BlackRock has frozen withdrawals from private credit funds and is heavily exposed to software debt. Creator warns of mark-to-model conflicts of interest and fee extraction while the bubble collapses