Blackstone has limited withdrawals from its flagship private credit fund after investors requested to pull around $4.4bn, marking a notable increase in redemption pressure across the sector, according to a report by the Wall Street Journal citing market data and unnamed people familiar with the situation.
Investors in the firm’s BCRED vehicle, a $79bn business development company focused on private credit investments, sought to redeem roughly 10% of their holdings in the second quarter, up from...
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