Story perspectives

BlackRock Limits Withdrawals Amid Rising Economic Tensions

3/9/2026

Summary

Story summary

BlackRock Inc. restricted withdrawals from its $26 billion HPS Corporate Lending Fund after redemption requests reached 9.3% of shares, the first time in four years that requests exceeded the 5% cap.
Jamie Dimon, CEO of JPMorgan Chase, notes underwriting standards have relaxed, increasing future risk.
BlackRock aims to expand its retail wealth market and integrate private credit into retirement funds.
The US-Iran conflict and economic strain complicate private credit investments.

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Story summary

BlackRock Inc. restricted withdrawals from its $26 billion HPS Corporate Lending Fund after redemption requests reached 9.3% of shares, the first time in four years that requests exceeded the 5% cap.
Jamie Dimon, CEO of JPMorgan Chase, notes underwriting standards have relaxed, increasing future risk.
BlackRock aims to expand its retail wealth market and integrate private credit into retirement funds.
The US-Iran conflict and economic strain complicate private credit investments.