Blackstone Inc’s flagship private credit vehicle BCRED experienced a slowdown in fundraising momentum and an increase in investor redemption requests in the first quarter, as sentiment toward private credit came under pressure, according to a report by Reuters.
The report cites company disclosures as revealing that gross inflows into the approximately $80bn fund eased to $1.9bn during the period, while repurchase requests rose to $3.2bn, reflecting more cautious investor positioning amid market...
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