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

Posted September 21, 2022 by Dan Sondhelm

After BlackRock acquired private credit firm Tennenbaum Capital Partners, more than a dozen employees left the small investment team. Dan Sondhelm commented for this Insider article about why demand for private credit has created opportunities for top executives to join other firms or become an entrepreneur.