BlackRock (via HPS Investment Partners) incurred an estimated USD 150 million operational risk loss after uncovering alleged fraud in an asset-based financing transaction, where collateral receivables were fabricated, highlighting weaknesses in third-party verification and collateral controls within private-credit lending.

BLOOMBERG - Bloomberg

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Published on Dec. 9th, 2025 Published on Dec. 9th, 2025

Scenario: Error / Lending Process Error

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