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Blackstone and BlackRock mark down private credit funds

privateequitywire

1 month ago

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Asset managers Blackstone and BlackRock marked down the net asset values of private credit funds in the first quarter, reflecting continued pressure from troubled loans in the software sector and broader concerns about AI-driven disruption, according to a report by Reuters.
Blackstone Secured Lending Fund saw its net asset value per share fall 2.4% to $26.26, while BlackRock TCP Capital Corp recorded a steeper 5% decline to $6.72 per share.
Both firms attributed part of the markdowns to underper...

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