The Wells Fargo-administered line added Commerzbank, Rabobank, Deutsche Bank and SMBC as new lenders.
The non-traded BDC completed another private placement offering, with proceeds earmarked to repay existing debt, including its 3.125% notes due later this month.
We highlight key features of the newly registered interval fund, which will combine public growth investments with private-market exposure, including secondaries and co-investments.
The equity commitments were raised across an evergreen fund, a closed-end venture debt fund, and a rated note offering.
Managing Director Jason Mehring will replace Tseng as Director, Board Chair, and CEO across three BlackRock BDCs.
The firm also provided updates on its private equity evergreen fund and non-traded BDC, as well as plans to launch new products targeting the wealth segment.
The fund has already secured a $125 million anchor commitment from Beedie Capital following its acquisition of a 50% stake in Vistara.
As of May 31, the BXPE Fund Program as a whole had an aggregate Transactional NAV of approximately $23.7 billion.
Incepted in 2025, the TPG-managed '40 Act fund had a NAV of $1.7 billion as of March, according to EvergreenLink Data.
The manager's first sports investment was made through its perpetual private equity tender offer fund.
