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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.
2022
'40 Act
Non-Traded BDC
USD
Quarterly
Monthly
1.25%
December 31
News and Notices
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1-10 of 141
Notices
Date
Time (ET)
Notice Type
Source
Notice
Apr 04, 2026
08:02
Marketing Materials, Personnel
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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.
Feb 04, 2024
08:00
Personnel
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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.
Jul 26, 2026
16:05
Distributions, Performance, Subscriptions
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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.
Jul 21, 2025
16:07
Other
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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.
Mar 10, 2025
16:06
Fees, Redemptions
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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.
Apr 07, 2024
11:39
Marketing Materials, Performance
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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.
Nov 04, 2025
16:12
Redemptions
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BlackRock Private Credit Fund reported final tender offer results: 3,701,881 shares were tendered, 3,522,433 shares were accepted pro rata, and about $82.7 million was paid at $23.49 per share.
Dec 24, 2025
16:15
Other
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BlackRock Private Credit Fund further delayed the effectiveness of its previously filed securities registration from July 26, 2026 to August 23, 2026, with the amendment signed by Secretary Diana Huffman on July 24, 2026.
May 24, 2026
16:10
Distributions, Subscriptions
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BlackRock Private Credit Fund sold 676,246 Institutional Class shares for $15.9 million and declared distributions of $0.1606 to $0.1772 per share. Shareholders of record on July 30, 2026 will receive cash or reinvested shares on August 27, 2026.
Feb 26, 2025
16:13
Other
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BlackRock Private Credit Fund further delays the effectiveness of its registration statement from June 27, 2026 to July 26, 2026, for securities offered on a delayed or continuous basis.
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Debt
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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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