BlackRock, the world's largest asset manager, just BLOCKED withdrawals. [View all]

And at 3pm CST--the market is mostly in the RED.



Global Dissident @GlobalDiss
·
3h
🚨 SOMETHING BIG JUST HAPPENED

BlackRock, the world’s largest asset manager, just BLOCKED withdrawals.

Investors tried to pull $1.2 BILLION from its $26B private credit fund.
BlackRock said NO and capped withdrawals at 5%.

Nearly HALF the investors who wanted out were denied their money.

At the same time, Blackstone faced record withdrawals and had to inject $400M of its own cash.

When the BIGGEST funds on Earth start limiting withdrawals, it is a MAJOR WARNING sign for the entire $1.8 TRILLION private credit market.

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