BlackRock Paused Fundraising for Latest Asia Private Credit Fund

BlackRock Inc. paused fundraising earlier this year for its latest Asian private credit strategy amid its merger with HPS Investment Partners, people familiar with the matter said, adding to uncertainties for the firm’s ambitions for the asset class in the region.

Fundraising for the firm’s third Asia-Pacific private credit fund came to a standstill earlier in 2025 following the announcement in December that BlackRock was buying private credit firm HPS, according to the people, who asked not to be identified discussing private matters. The New York-based firm completed its acquisition of HPS on July 1.

The pause adds to ...