Breaking: BlackRock just froze $1.2 billion in withdrawal requests at its private credit fund. Here's what happened: • Investors in BlackRock's $26B fund asked to pull out 9.3% of their money • BlackRock said no — capped withdrawals at 5% • Blackstone's $82B fund saw record withdrawal requests the same week • Blackstone had to put in $400M of its own cash to cover the exits Two of the biggest funds on the planet are limiting how much you can take out.