We discuss the possibility of forming primordial black holes during a first-order phase transition in the early Universe. As is well known, such a phase transition proceeds through the formation of true-vacuum bubbles in a Universe that is still in a false vacuum. When there is a particle species whose mass increases significantly during the phase transition, transmission of the corresponding particles through the advancing bubble walls is suppressed. Consequently, an overdensity can build up in front of the walls and become sufficiently large to trigger primordial black hole formation. We track this process quantitatively by solving a Boltzmann equation, and we determine the resulting black hole density and mass distribution as a function of model parameters.
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