BlackRock has limited investor withdrawals from its $13bn HPS Corporate Lending Fund for a second consecutive quarter, after redemption requests continued to exceed the amount the fund is able to return under its liquidity framework, according to a report by the Financial Times.
The firm said investors sought to redeem roughly $1.6bn in the latest quarter, up from $1.2bn in the previous period. In response, the fund only honoured around 5% of net assets—equivalent to approximately $620m – well b...
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