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BlackRock Private Credit Fund is a non-diversified, closed-end management investment company that has elected to be regulated as a business development company (BDC). The Fund’s investment objective is to target high risk-adjusted returns produced primarily from current income by investing primarily in directly originated, senior secured corporate debt instruments, including originated loans and broadly syndicated loans of private middle market U.S. companies. The Fund offers shares on a continuous basis, issues shares monthly at NAV after the initial closing, and intends to operate a limited share repurchase program consisting of quarterly tender offers (up to 5% of shares outstanding) subject to liquidity and Board discretion. The Fund is externally managed by BlackRock Capital Investment Advisors, LLC, with BlackRock Advisors, LLC serving as sub-adviser.
News and Notices
BlackRock, Inc.
May 31, 2022
Non-Traded BDC
'40 Act
Quarterly
Monthly
USD
December 31
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1-10 of 147
Date
Time (ET)
Notice Type
Notice
Source
Jan 23, 2025
16:05
Distribution, Subscription
BlackRock Private Credit Fund sold 250,521 Institutional Shares for $5.9 million and declared $0.1774 gross per-share distributions on October 22, 2026. Record holders on October 29, 2026 will receive cash or reinvested shares on November 25, 2026.
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Jan 25, 2025
16:30
Personnel
BlackRock Private Credit Fund announced Patrick Wolfe will resign as Chief Operating Officer effective December 18, 2026, and Dan Worrell, President and Managing Director, was appointed to succeed him effective the same date. Worrell will continue as President.
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Oct 25, 2024
16:15
Distribution, Performance, Subscription
BlackRock Private Credit Fund sold 107,476 Institutional Shares for $2.5 million and declared a $0.1783 gross distribution per share, with August 31, 2026 net asset value at $23.64. Shareholders of record September 29 will be paid October 28.
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May 11, 2024
08:00
Redemption
BlackRock Private Credit Fund estimates 3.2 million common shares, or 4.58% outstanding, were validly tendered in its tender offer expiring September 4, 2026. The purchase price will be based on net asset value per share as of September 30, 2026.
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Nov 04, 2024
08:02
Marketing Material, Personnel
BlackRock Private Credit Fund updated leadership after Philip Tseng resigned on August 31, 2026, naming Jason Mehring Chair and Chief Executive Officer and Dan Worrell President on September 2, 2026. Tseng no longer votes on the Investment Committee.
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Jul 04, 2024
08:00
Personnel
BlackRock Private Credit Fund appointed Jason Mehring Chair and Chief Executive Officer effective September 2, 2026, after Chair and Chief Executive Officer Philip Tseng resigned effective August 31, 2026. Philip Tseng is no longer a voting investment committee member.
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Jul 26, 2025
16:05
Distribution, Performance, Subscription
BlackRock Private Credit Fund sold 245,505 institutional class common shares for $5.8 million, declared a $0.1775 gross distribution per share, and reported $23.54 net asset value. Shareholders of record on August 28, 2026 are scheduled for payment on September 28, 2026.
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May 21, 2025
16:07
Other
BlackRock Private Credit Fund filed a fourth pre-effective amendment solely to delay the effectiveness of its securities registration from August 23, 2026 to September 20, 2026.
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Apr 10, 2026
16:06
Fee, Redemption
BlackRock Private Credit Fund is offering to repurchase 3.5 million shares, about 5% outstanding, at September 30, 2026 net asset value. Excess tenders are prorated, and accepted repurchases carry a 2% deduction for shares issued after October 1, 2025.
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Oct 07, 2025
11:39
Marketing Material, Performance
BlackRock Private Credit Fund updated its prospectus with June 30, 2026 quarterly results, including net asset value per share declining from $23.95 to $23.49 and net assets increasing to $1.64 billion from $1.58 billion.
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News
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Managers
People
BDCs
Debt
North America
BlackRock BDCs see another leadership exit
Sep 28, 2026

Patrick Wolfe has resigned as COO of BlackRock Private Credit Fund, BlackRock Direct Lending Corp., and BlackRock TCP Capital Corp., weeks after CEO Philip Tseng left the same three funds.

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Managers
People
BDCs
Debt
North America
BlackRock Private Credit Fund CEO Philip Tseng steps down
Sep 8, 2026

Managing Director Jason Mehring will replace Tseng as Director, Board Chair, and CEO across three BlackRock BDCs.

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Contributors
Research & Stats
Debt
BDCs
Capital Flows
After the Storm: Why Private Credit Redemption Queues Will Endure
Jul 8, 2026

Mark Goldberg of Alternative Investments Market Intelligence analyzes why redemption queues across non-traded BDCs could take years to clear despite easing withdrawal demand.

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Debt
BDCs
Capital Flows
North America
BlackRock's private credit BDC sees first case of oversubscribed redemptions
Jun 15, 2026

The $2.6 billion BDEBT, which had around $1.4 billion in liquidity in April, will repurchase approximately $83 million of shares.

BlackRock Private Credit Fund
BlackRock, Inc. is responsible for managing BlackRock Private Credit Fund.
BlackRock Private Credit Fund launched in 2022.
BlackRock Private Credit Fund is registered as a '40 Act fund.
BlackRock Private Credit Fund is structured as a Non-Traded BDC fund.
You can invest in BlackRock Private Credit Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in BlackRock Private Credit Fund monthly, subject to eligibility and fund subscription deadlines.
You can redeem shares of BlackRock Private Credit Fund quarterly, subject to redemption limits and notice requirements.
Shares of BlackRock Private Credit Fund can be purchased in USD.
BlackRock Private Credit Fund's fiscal year end is December 31.
BlackRock Private Credit Fund's net asset value was $1,518.4 million and its portfolio had a fair value of $2,515.7 million as of June 30, 2026.
Among other deal types, BlackRock Private Credit Fund primarily makes Debt Investments.
Among other asset classes, BlackRock Private Credit Fund primarily invests in Direct Lending.
Among other regions, BlackRock Private Credit Fund primarily invests in the USA and Canada.
BlackRock Private Credit Fund charges a 1.25% annual management fee, which is calculated based on NAV.
You can invest in BDEBT-D shares with a minimum initial investment of $2,500.
You can invest in BDEBT-I shares with a minimum subsequent investment of $500.
You will be subject to paying an early repurchase/redemption fee of 2%.
BlackRock Private Credit Fund's BDEBT-I share class generated an annualized 1-month return of 9.36% and since-inception return of 8.13% as of June 30, 2026.
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