BlackRock

BlackRock’s US$26 billion private credit fund limits withdrawals

Private credit funds broadly are bracing for a wave of redemption requests

The two Panama Canal ports are at the heart of the US$23 billion deal announced last year.

BlackRock-backed group seeks to close CK Hutchison ports deal without Panama assets: report

The Hong Kong-listed conglomerate has been seeking to sell its non-Chinese ports business, which spans 43 terminals in 23 countries

BlackRock said that falling inflation means the high yields available on corporate bonds are becoming more attractive in real terms.

BlackRock bets on corporate bonds over ‘volatile’ sovereigns as inflation ebbs

Investment giant warns government bond markets face more volatility as defence and infrastructure spending surges

The cuts give some insight into how BlackRock has been reshaping its private credit business since closing the HPS deal in July.

BlackRock cuts private credit executives hired pre-HPS deal

The asset manager is reducing its workforce by about 250 globally

Shares of BlackRock TCP fell as much as 8.4% in post-market trading.

BlackRock cuts value of private debt fund by 19%, waives fee

A BLACKROCK private debt fund expects to mark down the net value of its assets 19 per cent after a string of troubled loans weighed on results, marking the latest sign of pressure in the private credi...

Founded in 2018, Teleport is South-east Asia’s largest logistics firm by volume, ranking it among Capital A’s most valuable assets.

BlackRock’s HPS invests US$50 million in Malaysia’s Teleport for Asia debut

The deal values the company – a unit of Capital A Bhd – at US$500 million

BlackRock CEO Larry Fink is rethinking the forum’s design and wants access to be extended beyond political and business leaders.

Larry Fink ponders moving WEF meetings from Davos to Dublin or Detroit

World Economic Forum’s Davos legacy faces scrutiny following misconduct allegations against founder Klaus Schwab

Rick Rieder, BlackRock’s chief investment officer of global fixed income, is viewed as potentially easier to confirm.

BlackRock’s Rick Rieder bid for Fed chair is gaining traction

Trump’s interview with Rieder is said to have gone well

As inflation eased and the job market cooled, the Fed  turned more dovish, driving strong inflows into BlackRock’s fixed-income products.

BlackRock’s assets hit record US$14 trillion on fourth-quarter markets rally  

The company reports adjusted earnings of US$2.18 billion, or US$13.16 per share 

The cuts come as chief executive officer Larry Fink works to re-wire the world’s largest asset manager and push deeper into alternative investments.

BlackRock cuts hundreds of jobs, trimming about 1% of staff

Other financial firms have been seeking to cut jobs and control costs