Author is bearish on the BlackRock Private Credit Fund, citing monthly NAV declines that leave net returns after dividends at 6.75%, and plans to exit once the one-year minimum hold expires.
Unpriced research observations (excluded from Calls and Returns):
09261Y308 — AVOID The author argues the BlackRock Private Credit Fund is a poor investment because its NAV keeps dropping every month/quarter, leaving net returns after dividends at only 6.75%, which they call terrible. They note the fund launched with $2.41B AUM but is underperforming, and they plan to exit as soon as their one-year minimum hold expires. resolved_asset_type_mismatch
Nav keeps dropping every month/quarter to where the net after dividends and Nav drop is 6.75% which is terrible