05:19 AM EDT, 08/26/2025 (MT Newswires) -- (Updates with BlackRock's ( BLK ) response in the fourth paragraph.)

BlackRock ( BLK ) stopped fundraising for its latest Asian private credit strategy fund earlier this year, Bloomberg News reported Sunday, citing people familiar with the matter.

The pause followed BlackRock's ( BLK ) December announcement of its acquisition of HPS Investment Partners, a deal that closed in early July, according to the report.

BlackRock ( BLK ) was targeting $1 billion for the private credit fund, the report said.

The company declined MT Newswires' request for comment.

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