""There's been a lot of attention on private credit, but the headlines do not reflect what clients are telling us, what our portfolio data shows, or where we see the market going.""
""Demand growth is structural, driven by a need for more capital to meet investment needs, and wealth vehicles make up only 25% of the market.""
""Institutional demand is still growing and now accounts for 85% of investor cash in private credit.""
""Some retail-focused funds saw investors hitting limits on how much cash they could withdraw in the quarter, including BlackRock's own HPS Corporate Lending Fund.""
BlackRock remains optimistic about private credit opportunities despite recent market strains. CEO Larry Fink noted a structural demand for capital, with institutional investors now comprising 85% of private credit cash. The firm experienced $9 billion in private market inflows in Q1, including a significant deal with an insurance client. Although retail-focused funds faced redemption requests, Fink emphasized that the headlines do not reflect the underlying market dynamics or client sentiments, indicating a potential for growth in the sector.
Read at www.businessinsider.com
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