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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.1
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Easy to implement
Provides 1099 tax reporting, low investment minimums, and monthly subscriptions in an SEC-regulated vehicle.2
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BlackRock Edge
Access our differentiated deal sourcing, underwriting, and management capabilities backed by BlackRock’s $64B private debt business.3
0.87%
2025 YTD total return4
11.14%
Distribution rate5
99.9%
First lien/senior secured6
$1.1
Billion in total assets7

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
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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