BlackRock Seeks One More Year to Deploy Asia Private Credit Fund

BlackRock Inc. is seeking to extend the investment horizon of its second Asia private credit fund and revise a key clause in the strategy, in the latest sign of complications as it tries to navigate the region’s private markets.

The world’s largest asset manager is proposing a 12-month extension for its Asia Pacific Private Credit Opportunities Fund II, or APCO II, as it looks to deploy outstanding capital, which is about 40% of the portfolio, according to document sent to investors earlier this week and seen by Bloomberg News. The fund’s investment period expired on Oct. 19, the document showed.