BlackRock's $26B HLEND private credit fund faces 13.3% redemption requests in Q2 2026, up from 9.3% in Q1, but can only honor 5% due to structural caps.

Investors asked to redeem 13.3% of the value of assets in BlackRock's ($25 billion private credit fund in Q1.

BlackRock capped redemptions from its flagship private credit fund for the second straight quarter after investors sought to pull about 13%, and increase from 9.3% in the first…