BlackRock $435 Million 2nd APAC Private Credit Fund (Asia Pacific Private Credit Opportunities Fund II) Launched in 2023 Seeks to Recover Metcold Defaulted $39.5 Million Loan & Interest Guaranteed by Founder & CEO Henry Ha, First Default in Portfolio with $39.5 Million ($27.5 Million Principal & $12 Million Interest) by China Shanghai-Based Food Logistics & Infrastructure Service Provider Metcold Holdings Which Borrowed $52.5 Million (Repaid Total of $25 Million in 2024)
11th May 2026 | Hong Kong
The world’s largest asset manager BlackRock ($14 trillion AUM) 2nd APAC private credit fund (Asia Pacific Private Credit Opportunities Fund II) launched in 2023 is seeking to recover Metcold Holdings defaulted $39.5 million loan & interest guaranteed by founder & CEO Henry Ha. In 2026 April, BlackRock 2nd APAC private credit fund (Asia Pacific Private Credit Opportunities Fund II) suffered the first default in portfolio with $39.5 million ($27.5 million principal & $12 million interest) by China Shanghai-based food logistics & cold-chain infrastructure service provider Metcold Holdings, which borrowed $52.5 million (Repaid total of $25 million in 2024). In 2026 January, BlackRock ($14 trillion AUM) received investors 1-year deployment extension approval for 2nd APAC private credit fund with $435 million AUM launched in 2023 (BlackRock Asia Pacific Private Credit Opportunities Fund II). The fund had targeted to raise $1 billion, but raised $435 million. The investment deployment period had expired in 2025 & investors approved $135 million limit on new investment deployments for 2026. Metcold – Founded in 2015, Metcold has quickly grown to become one of the leading food logistics and cold-chain infrastructure service provider in China. We firmly believe that billions of Chinese consumers deserve safer and healthier food, supplied by a safe, efficient and trustworthy supply chain system.Unfortunately, the current supply system is highly fragmentated and lacks adequate infrastructure, resulting in inefficiencies and poor quality in food supply and distribution. As a pioneer in the industry, we are leading the transformation of China’s outdated food supply system by investing and operating a national network of high-quality, purposefully designed food supply chain infrastructure facilities, that is on par with best-practice standards globally. We are committed to work closely with our partners to bring the safest, freshest, and healthiest food products to Chinese consumers at the most affordable cost. We believe that our modern, flexible, and affordable facilities can serve as operational hubs for our partners, fostering the success of their business, satisfying the rapid growth of Chinese consumers. Metcold reached a major milestone in 2018, when Macquarie Infrastructure and Real Assets (MIRA) became a major investor and shareholder of our platform, creating the first specialized cold-chain infrastructure service provider backed by institutional capital in China.
“ BlackRock $435 Million 2nd APAC Private Credit Fund (Asia Pacific Private Credit Opportunities Fund II) Launched in 2023 Seeks to Recover Metcold Defaulted $39.5 Million Loan & Interest Guaranteed by Founder & CEO Henry Ha, First Default in Portfolio with $39.5 Million ($27.5 Million Principal & $12 Million Interest) by China Shanghai-Based Food Logistics & Infrastructure Service Provider Metcold Holdings Which Borrowed $52.5 Million (Repaid Total of $25 Million in 2024) “
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BlackRock $435 Million 2nd APAC Private Credit Fund (Asia Pacific Private Credit Opportunities Fund II) Launched in 2023 Suffers First Default in Portfolio with $39.5 Million ($27.5 Million Principal & $12 Million Interest) by China Shanghai-Based Food Logistics & Infrastructure Service Provider Metcold Holdings Which Borrowed $52.5 Million (Repaid Total of $25 Million in 2024)
16th April 2026 – The world’s largest asset manager BlackRock ($14 trillion AUM) 2nd APAC private credit fund (Asia Pacific Private Credit Opportunities Fund II) launched in 2023 has suffered the first default in portfolio with $39.5 million ($27.5 million principal & $12 million interest) by China Shanghai-based food logistics & cold-chain infrastructure service provider Metcold Holdings, which borrowed $52.5 million (Repaid total of $25 million in 2024). In 2026 January, BlackRock ($14 trillion AUM) received investors 1-year deployment extension approval for 2nd APAC private credit fund with $435 million AUM launched in 2023 (BlackRock Asia Pacific Private Credit Opportunities Fund II). The fund had targeted to raise $1 billion, but raised $435 million. The investment deployment period had expired in 2025 & investors approved $135 million limit on new investment deployments for 2026. Metcold – Founded in 2015, Metcold has quickly grown to become one of the leading food logistics and cold-chain infrastructure service provider in China. We firmly believe that billions of Chinese consumers deserve safer and healthier food, supplied by a safe, efficient and trustworthy supply chain system.Unfortunately, the current supply system is highly fragmentated and lacks adequate infrastructure, resulting in inefficiencies and poor quality in food supply and distribution. As a pioneer in the industry, we are leading the transformation of China’s outdated food supply system by investing and operating a national network of high-quality, purposefully designed food supply chain infrastructure facilities, that is on par with best-practice standards globally. We are committed to work closely with our partners to bring the safest, freshest, and healthiest food products to Chinese consumers at the most affordable cost. We believe that our modern, flexible, and affordable facilities can serve as operational hubs for our partners, fostering the success of their business, satisfying the rapid growth of Chinese consumers. Metcold reached a major milestone in 2018, when Macquarie Infrastructure and Real Assets (MIRA) became a major investor and shareholder of our platform, creating the first specialized cold-chain infrastructure service provider backed by institutional capital in China.
World Largest Asset Manager $14 Trillion BlackRock Receives Investors 1-Year Deployment Extension Approval for 2nd APAC Private Credit Fund with $435 Million AUM Launched in 2023 (BlackRock Asia Pacific Private Credit Opportunities Fund II), Targeted to Raise $1 Billion But Fund Raised $435 Million, Investment Deployment Expired in 2025 & Investors Approved $135 Million Limit on New Investment Deployments for 2026
21st January – The world’s largest asset manager BlackRock ($14 trillion AUM) has received investors 1-year deployment extension approval for 2nd APAC private credit fund with $435 million AUM launched in 2023 (BlackRock Asia Pacific Private Credit Opportunities Fund II). The fund had targeted to raise $1 billion, but raised $435 million. The investment deployment period had expired in 2025 & investors approved $135 million limit on new investment deployments for 2026.
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