NAV: loading... Distribution rate: loading... See complete performance

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.

Explore BDEBT

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

Important Notes: The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by BlackRock to be reliable, are not necessarily all inclusive and are not guaranteed as to accuracy. Investments named within this material may not necessarily be held in any accounts managed by BlackRock. Reliance upon information in this material is at the sole discretion of the reader. Statements concerning financial market trends are based on current market conditions, which will fluctuate.


As of August 31, 2023 unless otherwise noted.

1 The Fund expects to pay regular monthly distributions. Any distributions we make will be at the discretion of our Board of Trustees, considering factors such as our earnings, cash flow, capital needs and general financial condition and the requirements of Delaware law. As a result, our distribution rates and payment frequency may vary from time to time. Distribution payments are not guaranteed, and BlackRock Private Credit Fund may pay distributions from sources other than cash flow from operations, including, without limitation, the sale of assets, borrowings, return of capital or offering proceeds, and advances or the deferral of fees and expense reimbursements, and has no limits on such amounts it may pay from such sources.

2 Subscriptions for our Common Shares must be received in good order by the Fund at least 5 business days prior to the first business day of the month. The Fund commenced operations on 06/01/22. It is expected that, beginning no later than the second quarter of 2023, the Fund will offer to repurchase Shares (through written tender offers) on a quarterly basis of up to 5% of the shares outstanding, subject to the discretion of the Board. However, there can be no assurance that the Fund will repurchase shares on a quarterly basis or at all. Further, if the Fund repurchases shares, there is no guarantee that shareholders will be able to sell all of the Shares that they desire to sell in any particular quarter. Therefore, Shares of the Fund are appropriate only for those investors who do not require a liquid investment and who are aware of the risks involved in investing in the Fund.

3 Source: BlackRock as of 06/30/2022.

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.

Why private credit

Primary Market Corporate Loan Participation4

banks non-bank

4 Source: Oaktree Capital, S&P LCD, 12/31/2020.

multicolored batteries side view

Access the breadth and depth of BlackRock’s credit platform

BlackRock's sizeable global credit business seeks to provide differentiated deal sourcing, underwriting and management capabilities, as well as our industry expertise.

Learn more

Total return



BlackRock Private Credit Fund (BDEBT)

As of October 31, 2023

share class

Class Institutional

1-month return   0.16%
Year-to-date return 13.38%
Since Inception Returns (5/31/22) 10.44%
See complete performance