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BlackRock Reportedly Faces $600 Million Loss In Alacrity Restructuring Ahead Of Earnings Report
Thursday, January 9, 2025 - 2:52am | 476A major BlackRock Inc. (NYSE:BLK) fund is confronting a loss exceeding $600 million tied to its investment in the insurance outsourcing firm, Alacrity. This development emerges amid the company’s ongoing debt challenges. What Happened: A consortium of private credit funds, including...