Breaking: BlackRock just froze $1.2 billion in withdrawal requests at its private credit fund.
Here's what happened:
• Investors in BlackRock's $26B fund asked to pull out 9.3% of their money
• BlackRock said no — capped withdrawals at 5%
🚨PETE HEGSETH:
“When we unleash our companies, when we unleash American industry, when we unleash the competitive spirit, AMERICA COMES OUT ON TOP.
When we compete, we win!
When we innovate, we win!
When we GO FAST, we win!”