BlackRock Slashes Private Loan Value From 100 To 0

Earlier this week, the panic quietly, or not so quietly, sweeping the private credit world, hit 11 when Blackstone's Private Credit Fund (BCRED, the world's largest with $82BN in AUM, was hit with a record 7.9% in redemptions, shocking Wall Street as the total number of permitted redemption was above the statutory maximum of 7%, which forced