BlackRock’s Tseng to Exit as CEO of Troubled Private Credit Fund

The head of BlackRock Inc.’s beleaguered private credit fund is in the process of leaving the firm, a move that follows months of losses on soured loans and revelations of...

By Olivia Fishlow, Silla Brush · Bloomberg Markets

The head of BlackRock Inc.’s beleaguered private credit fund is in the process of leaving the firm, a move that follows months of losses on soured loans and revelations of a US regulatory probe into the unit’s valuation practices.