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BlackRock Seeks Up to $4 Billion for New Private Credit Fund

  • Follows first Global Credit Opportunities fund in 2019
  • Fundraising already in the works with $2 billion raised

The world’s largest asset manager is looking to raise about $4 billion for the latest vintage of its Global Credit Opportunities fund, as the market for private credit instruments swells to more than $1 trillion. 

BlackRock has already raised about $2 billion -- half of the targeted amount -- for the new private credit fund, according to a person with knowledge of the matter, who asked not to be identified discussing private information.