BlackRock Credit Strategies Fund: management transactions · United States · SEC (Form 4)

About BlackRock Credit Strategies Fund

BlackRock Credit Strategies Fund is a U.S.-listed credit investment vehicle associated with BlackRock and traded on the NYSE in the United States. Based on the most recent public BlackRock disclosures, the fund underwent a major transition effective December 1, 2025: BlackRock states that the former “BlackRock Credit Strategies Fund” name was replaced by “BlackRock HPS Credit Strategies Fund,” alongside material changes to the fund’s strategy and portfolio management team. For investors, that means this is primarily a credit-income product rather than an operating company in the traditional sense. ([blackrock.com](https://www.blackrock.com/us/financial-professionals/investments/products/blackrock-credit-strategies-fund?utm_source=openai)) The fund’s core mandate is to seek current income and total return through a diversified allocation across the credit spectrum. BlackRock describes the strategy as a multi-strategy alternative credit approach, aiming to access both public and private credit markets from a single point of access. In practical terms, that places the fund in the income and fixed-income universe, with exposure to instruments such as high yield credit, leveraged loans, and other debt-related opportunities depending on portfolio construction and market conditions. Its performance is therefore closely tied to interest-rate trends, credit spreads, default expectations, and broader economic cycles. ([blackrock.com](https://www.blackrock.com/us/financial-professionals/investments/products/blackrock-credit-strategies-fund?utm_source=openai)) From a competitive standpoint, the fund benefits from the BlackRock brand and from the firm’s broader credit platform. A key recent development was BlackRock’s completion of the HPS Investment Partners acquisition on July 1, 2025, which BlackRock said adds private credit capabilities alongside its large public fixed-income franchise. That matters because one of the strategic themes in credit markets is the convergence of public and private credit, and BlackRock is positioning itself to participate across that continuum. This combination can support sourcing, diversification, and scale, while also increasing the complexity of portfolio management and execution. ([blackrock.com](https://www.blackrock.com/corporate/newsroom/press-releases/article/corporate-one/press-releases/blackrock-acquires-hps-investment-partners?hss_meta=eyJvcmdhbml6YXRpb25faWQiOiAxODkyLCAiZ3JvdXBfaWQiOiAxMTI4MTExLCAiYXNzZXRfaWQiOiAyMjcxOTQ4LCAiZ3JvdXBfY29udGVudF9pZCI6IDE0NzU1NzIzNywgImdyb3VwX25ldHdvcmtfY29udGVudF9pZCI6IDIyMjM1MzY0OX0%3D&utm_source=openai)) The fund is part of BlackRock’s U.S. platform and is tied to the United States market environment, which is relevant for investors in Europe and Switzerland assessing currency exposure, tax treatment, and distribution policy. BlackRock’s public materials describe the fund as income-focused and note that distributions are not guaranteed and may be supported by sources other than pure cash flow, depending on market conditions and portfolio results. More broadly, the fund’s recent relaunch under the HPS name underscores BlackRock’s push to combine public and private credit capabilities in one platform, reflecting a market where borrowers and investors are increasingly looking beyond traditional public bonds. In short, BlackRock Credit Strategies Fund is a NYSE-listed U.S. credit vehicle designed to generate income through a flexible, multi-strategy approach, backed by one of the largest asset managers in the world. ([blackrock.com](https://www.blackrock.com/us/financial-professionals/investments/products/blackrock-credit-strategies-fund?utm_source=openai))