BlackRock

Global self-reliance drive will strain capital, push burden to markets: BlackRock’s Larry Fink

Staying on the sidelines is a growing risk as global economies increase reliance on capital markets, he adds

“We will have global recession,” BlackRock CEO Larry Fink said, when asked if oil stays at US$150 a barrel.

BlackRock CEO Fink warns of ‘global recession’ if oil goes to US$150, BBC reports

If war stops but Iran still threatens trade and Hormuz, oil may stay above $100, he says

Shares of BlackRock, a US$14 trillion colossus of retail and institutional money, tumbled to their lowest since May, about two months before CEO Larry Fink (above) and other executives completed the HPS acquisition.  

BlackRock’s retail private-credit hopes run into market’s angst

Eight months after it bought HPS for US$12 billion, the money manager is facing a rush for the exits by some existing clients

BlackRock’s HPS Corporate Lending Fund said shareholders requested 9.3% of their shares, but management decided to cap the repurchase at 5%.

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