Bluesky · Hashtag

#$BLK

14
posts · 30d
9
users
0
posts / day
1.6
posts / user
+ 0% vs last week

#$BLK is an active hashtag on Bluesky. In the last 30 days, 9 people shared 14 posts with it — around 0 a day. Activity is up 0% versus the previous week, peaking on Jul 15 with 4 posts.

#$BLK posts per day (last 30 days)

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Posts with #$BLK

Carl Quintanilla
@carlquintanilla.bsky.social
5 months ago
(Bloomberg) - BlackRock Inc. slashed the value of a private loan to zero just three months after assessing it at 100 cents on the dollar, marking the second sudden wipeout to recently hit its private-credit division. @bloomberg.com $BLK www.bloomberg.com/news/ar….
BlackRock Slashes Another Private Loan Value From 100 to Zero

www.bloomberg.com

BlackRock Slashes Another Private Loan Value From 100 to Zero

BlackRock Inc. slashed the value of a private loan to zero just three months after assessing it at 100 cents on the dollar, marking the second sudden wipeout to recently hit its private-credit divisio...

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Barchart
@barchart.com
5 months ago
BREAKING 🚨: BlackRock $BLK limits withdrawals from its flagship debt fund. Investors wanted to pull $1.2 Billion, the fund only allowed half of that. First Blue Owl, then BlackStone, now BlackRock. Yikes!!!
8 16 66
George Pearkes
@peark.es
5 months ago
$BLK hit with more write-downs in private credit. Small loan in a narrow space with known issues but still.
(Bloomberg) -- BlackRock Inc. slashed the value of a private loan to zero just three months after assessing it at 100 cents on the dollar, marking the second sudden wipeout to recently hit its private-credit division.
The roughly $25 million loan to Infinite Commerce Holdings, a so-called Amazon aggregator that buys up online sellers of products from spa treatments to light bulbs, is now worthless, BlackRock TCP Capital Corp. reported in fourth-quarter filings released last week.
The fund had marked the junior debt at 100 cents on the dollar in the third quarter.
A representative for BlackRock declined to comment. A spokesperson for Infinite Commerce wasn't immediately available.
While a small loan in a troubled niche, its abrupt markdown highlights what critics describe as a key fault line in private credit: the lag between valuations on illiquid loans and the deteriorating performance of the companies behind them. Zips Car Wash was valued near par by its private credit backers in the months before it sought bankruptcy protection. And in November, BlackRock TCP slashed the full value of loans it extended to Renovo Home Partners, a struggling home improvement company.
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George Pearkes
@peark.es
5 months ago
A good question, I would say $BX reaction was REALLY aggressive and unusual while $BLK is more "by the book". For context, redemption requests were 9.3% of capital for the $BLK fund versus 7.9% for the $BX vehicle - that's a pretty big slug of cash to scrounge together.

Do we read anything into the fact that Blackrock is not following the Blackstone route of allowing more withdrawals + making up the difference with their own capital, though? I get that these are the terms, but it's hard to see why BR wouldn't want to offer the same reassurance if they could.

4 4 42
Librarian Capital
@librariancapital.bsky.social
about 1 month ago
That Blackrock $BLK board of 19 directors include 3 former or current CEOs* from companies whose shares had collapsed during their tenures is not a good sign * Fabrizio Freda of Estée Lauder $EL, Hans Vestberg of Verizon $VZ and Kristin Peck of Zoetis $ZTS
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