NYSE:BXCapital Markets
Does BCRED’s Liquidity Test and Redemption Surge Change The Bull Case For Blackstone (BX)?
In recent months, Blackstone’s US$82.00 billion Blackstone Private Credit Fund (BCRED) faced record investor redemption requests, prompting the firm to temporarily lift its quarterly withdrawal cap from 5% to 7% and commit US$400.00 million via a feeder fund so all requests could be met.
This wave of outflows has sharpened the focus on liquidity and perceived risks in private credit, testing investor confidence in one of Blackstone’s fastest-growing business lines even as the firm emphasizes...