WS #11181
BlackRock's Phil Tseng to exit as CEO of troubled private credit fund TCP Capital Corp, highlighting stress in private credit markets. US ISM Manufacturing PMI missed at 53.3 vs 54.0, ADP employment missed at 98K vs 120K, and construction spending missed at 0.1% vs 0.2%, while Fed Chair Warsh maintained hawkish stance.
BlackRock Private Credit CEO Exit
BlackRock's Phil Tseng to exit as CEO of troubled private credit fund TCP Capital Corp, highlighting stress in private credit markets.
US ISM Manufacturing PMI missed at 53.3 vs 54.0, ADP employment missed at 98K vs 120K, and construction spending missed at 0.1% vs 0.2%, while Fed Chair Warsh maintained hawkish stance.