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BlackRock secured $2 bn for global credit fund

BlackRock Inc, which is the world largest asset management firm, revealed that it had secured $2 Billion for its flagship opportunities of reflecting investor demand for the alternative investments, global credit opportunities, and credit fund.

The fund will be going to invest in corporate credit asset across the industries and geographies, and seek value throughout the credit cycle, according to the BlackRock, which had $6.84 trillion in assets under the management as of June 2019.

BlackRock Global credit platform managed around #100 Billion in total client assets and seeks to generate income and capital growth by targeting less liquid opportunistic, special situations, stressed investments.

“Investors looking for attractive risk-adjusted returns and portfolio diversification are increasingly looking to credit, where scale and expertise can help generate alpha,” said Tim O’Hara, global co-head of credit.

“Building out our opportunistic credit strategy to take advantage of secular trends and cyclical dislocations in the credit markets is a natural evolution of our platform as we continue to bolster a credit business that can deliver for clients across risk spectrums and market cycles,” he said.

Also Read: Plunes Technologies Pvt Ltd secured angel funding

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