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Blackrock's Private Credit Fund Gates Investors Again After Redemption Requests Surge
Blackrock's Private Credit Fund Gates Investors Again After Redemption Requests Surge
The market may be in full-blown face-ripping bubble mode, and software stocks are now gripped in by a category 5 gamma squeeze hurricane, but not even that is helping the ongoing debacle that is private credit.
One week after Cliffwater's Private Credit fund gated investors for a second straight quarter, and days after Blackstone also gated investors in its private credit fund for the first time (recall during Q1, the fund allowed investors to redeem a record 7.9% after tapping...
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Aug 26, 2026 / Tyler Durden
Oil Extends Decline As Rubio Rules Out New Strikes, Iran-Oman Transit Deal Nears Finalization
Oil Extends Decline As Rubio Rules Out New Strikes, Iran-Oman Transit Deal Nears Finalization
An IRGC spokesman has announced Wednesday that Iran and Oman have reached agreements on their share of the Strait of Hormuz and its revenues, according toTasnim news agency. So essentially the "fee" scheme has been set. There's talk of reopening the strait on an "interim" basis, Bloomberg says.
"We entered into negotiations with Oman about a month ago and have reached results that have been accepted by both sides," the official said. "Agreements have been reached on...
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Oct 22, 2026 / Tyler Durden
Meta Says Zuckerberg To Stay In California After Considering Relocation
Meta Says Zuckerberg To Stay In California After Considering Relocation
Authored by Zachary Stieber via The Epoch Times,
A possible new wealth tax in California prompted Meta chief Mark Zuckerberg to consider leaving the state, according to a new regulatory filing.
California voters will decide on Proposition 40 in November. It would impose a one-time 5 percent tax on billionaires.
If approved, Zuckerberg would have to pay a multibillion-dollar tax, Meta lawyers said in the Oct. 21 filing to the Securities and Exchange Commission that included frequent mentions of a special committee of...
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Apr 21, 2026 / Tyler Durden
Gaza Needs Over $71BN In Next Decade If Enclave Hopes To Recover: New UN Report
Gaza Needs Over $71BN In Next Decade If Enclave Hopes To Recover: New UN Report
More than $71 billion will be required over the next decade to recover and rebuild Gaza following the brutal Israel-Hamas war, according to a new report. Hamas leadership has been largely decimated, though the group has yet to be completely disarmed, and there are still calls within the Israeli government among some hawkish officials to simply conquer and promote Jewish settlement of the whole territory.
In their final Gaza Rapid Damage and Needs Assessment (RDNA) which was...
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