🚨 SOMETHING BIG JUST HAPPENED
BlackRock, the world’s largest asset manager, just BLOCKED withdrawals.
Investors tried to pull $1.2 BILLION from its $26B private credit fund.
BlackRock said NO and capped withdrawals at 5%.
Nearly HALF the investors who wanted out were denied their money.
At the same time, Blackstone faced record withdrawals and had to inject $400M of its own cash.
When the BIGGEST funds on Earth start limiting withdrawals, it is a MAJOR WARNING sign for the entire $1.8 TRILLION private credit market.
What a bloody legend @dapperlaughs
This man was born for a time such as this. Laughing AT the bastards is the only way we’re going to make it through what’s coming
Well done everyone buying tickets to go see him. 😘
Nothing to see here except a multi millionaire English “Sir” telling you Jocks he knows better than you do about what’s best for your country and you have no right to determine your own future.
Fucking charlatan.