NEW YORK: BlackRock Inc is overhauling its private credit business as the world’s largest asset manager races to catch up to competitors in the booming market.
The firm is setting up a new division, Global Direct Lending, appointing Stephan Caron, head of the European middle-market private debt business, to lead it.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
