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BDEBT

BlackRock Private Credit Fund

Access private credit with BlackRock's Institutional Credit team.
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BlackRock Private Credit Fund (BDEBT)

BDEBT is a non-traded business development company (BDC) seeking to target attractive risk-adjusted returns produced primarily from current income generated by investing primarily in directly-originated, senior-secured corporate debt investments.

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Access private credit
Seeks returns primarily generated by current income from private credit investments and targets monthly distributions.5
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Easy to implement
Provides 1099 tax reporting, low investment minimums, and monthly subscriptions in an SEC-regulated vehicle.6
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BlackRock Edge
Access our differentiated deal sourcing, underwriting, and management capabilities backed by BlackRock’s $65B private debt business.7
10.62%
2024 YTD total return1
11.11%
Distribution rate2
99.9%
First lien/senior secured3
$974
Million in total assets4

It's time to move beyond traditional credit markets

We believe banks retreating from credit markets has created opportunity in private markets and direct lending.8
Credit markets

Private credit may offer potential structural protections

Direct lending offers potential investor protections through privately negotiated terms, covenants, and pricing. BDEBT focuses on senior-secured loans, which sit at the top of the capital structure, and are the first to be repaid in the event of default.
Structural protections

Say hello to your dedicated and experienced team

Our seasoned senior team has ~21 years of industry experience and ~18 years of working together. * We seek to identify unique opportunities and apply creative structuring for potentially better investment outcomes.

Phil Tseng
CEO and Co-CIO of U.S. Direct Lendings
Dan Worrell
Co-CIO of U.S. Direct Lending
Patrick Wolfe
Senior Portfolio Manager & COO
Jason Mehring
President & Senior Portfolio Manager

Our approach to private credit

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Deep industry knowledge
Our investment teams are aligned across 19 industry verticals. Industry specialization may help with deal sourcing and underwriting, as well as our focus on risk management.
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Expertise with complex credits
Creative and flexible deal structuring may allow us to use deal complexity to our advantage, while also seeking to mitigate risk.
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Multi-channel sourcing
Seeks broad, multi-channel sourcing and an attractive deal selection rate, regardless of market conditions.

* Source: BlackRock as of September 2024

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Advisors. The most successful ones know that to deliver the very best for their clients, they need to stay one step ahead. Or several.

They have to be agile… but consistent… while evolving to meet client demand today, and championing investment and business solutions that will attract the clients of tomorrow.

So you probably already know all about the opportunities and risks surrounding stocks and bonds…and feel that finding consistent returns and potential real yield is tougher than ever.

Volatility, inflation, geopolitical risk - all of it is putting the traditional 60/40 portfolio under pressure.

Which means advisors need to allocate differently to continue delivering for clients.

But what about private markets?

Over the last 30 years, private markets have become more and more essential to pay attention to.

As the number of publicly listed U.S. companies has shrunk, the number of private companies grew. A lot.

Private markets, like private equity and private credit, can help investors pursue higher returns and income over public stocks and bonds.

But …. many investors have been shut out of accessing private investments due to high minimums, suitability requirements, and high fees, but now, that’s changed.

Now… for accredited investors that can tolerate the risk…private markets are easier to access than ever before.

1099 tax reporting, low minimums, quarterly liquidity - these are just some of the features open to investors through accredited investment vehicles.

And best of all, with BlackRock you have a dedicated partner to navigate the world of private markets with.

Together we can help you build better portfolios and become an even more successful future-thinking advisor for your clients.

Find out more by signing into Advisor Center on BlackRock.com.

Private markets unleashed

See why investors may want to consider private markets for investment opportunities outside of stocks and bonds.