Key Takeaways
- • Blackstone Private Credit Fund raised $750 million from a five-year note sale on Monday, August 17, 2026, exceeding its roughly $500 million target, according to a person familiar with the deal.
- • Blue Owl private credit fund also sold investment-grade bonds in the same session, with two funds together ending a lull in business development company (BDC) issuance that began the third quarter.
- • The deals signal renewed investor demand for investment-grade debt issued by private credit vehicles, a segment that has seen limited issuance so far this quarter.
Summary
Two private credit funds sold more investment-grade bonds on Monday than they initially targeted, according to Bloomberg, breaking a lull in deals from so-called business development companies (BDCs) at the start of the third quarter.
Blackstone Private Credit Fund raised $750 million from its sale of five-year notes, according to a person familiar with the transaction who asked not to be identified because they are not authorized to speak publicly. The offering was well above the roughly $500 million of bonds the BDC had been seeking to issue.
The article also reports that Blue Owl's private credit fund sold investment-grade bonds in the same session. Bloomberg's coverage, updated at 11:49 AM PDT on August 17, 2026, frames the two transactions together as the first meaningful BDC bond activity following a slow start to the quarter.
The strong order books suggest continued appetite among institutional buyers for investment-grade paper issued by private credit managers, even as BDC issuance had been sparse. Further details on pricing and the Blue Owl deal size were not available in the primary source.
Blackstone Private Credit Fund raised $750 million from its sale of five-year notes, according to a person familiar with the transaction who asked not to be identified because they are not authorized to speak publicly. The offering was well above the roughly $500 million of bonds the BDC had been seeking to issue.
The article also reports that Blue Owl's private credit fund sold investment-grade bonds in the same session. Bloomberg's coverage, updated at 11:49 AM PDT on August 17, 2026, frames the two transactions together as the first meaningful BDC bond activity following a slow start to the quarter.
The strong order books suggest continued appetite among institutional buyers for investment-grade paper issued by private credit managers, even as BDC issuance had been sparse. Further details on pricing and the Blue Owl deal size were not available in the primary source.
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