Blackstone is allowing investors to redeem a record 7.9% of shares in its flagship private credit vehicle, Blackstone Private Credit Fund (BCRED), marking the latest sign of pressure across the private credit market, according to a report by Bloomberg.
The redemptions amount to approximately $3.8bn. The report cites a regulatory filing as showing that Blackstone is satisfying the requests by increasing a previously announced tender offer to 7% of the fund’s total shares and covering the remainin...
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