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BlackRock bought a money manager to expand in private credit. Insiders say the deal has now led to an exodus of frustrated employees.

Por: Business Insider Business September 22, 2022

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Clashes between investment teams, deflated hopes of a fund launch, and pay disputes have contributed to a years-long wave of departures from BlackRock's private credit investing team, former employees tell Insider. BlackRock has prioritized growing its $320 billion alternative business in recent years, with . To bolster that growth, BlackRock acquired the small private credit firm Tennenbaum Capital Partners, or TCP,  in 2018. Since then,... + full article



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