BlackRock HPS Corporate Lending Fund Redemption Requests Ease in Q3
Redemption requests at BlackRock’s HPS Corporate Lending Fund dropped in Q3, with investors tendering about 11.5% of shares versus 13.3% in Q2. The fund will repurchase roughly 5% of outstanding shares, about $600m, under its quarterly tender limit, pricing based on net asset value as of 30 September. The easing follows heightened withdrawal pressure earlier in the year.