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Private credit is one of Wall Street's hottest asset classes.
BlackRock's HPS Corporate Lending Fund limited redemptions to 5% despite 9.3% investor requests.
KEY POINTS
- Institutional investors now account for 85% of private credit cash, with retail demand only 25%.
- BlackRock plans to launch a Lifepath target-date fund with private assets for 401(k)s this year.
- Loans in private credit are now quoted 25-100 basis points higher than late last year.
- BlackRock sees its Aladdin platform as a key advantage due to lagging risk management in private credit.
COMPANIES
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