Key facts
- Investor withdrawal requests from Blackstone's private credit fund have decreased in early Q3.
- In Q2, investors requested to redeem 10% of shares, up from 7.9% in Q1.
- Blackstone agreed to buy back 5% of shares, meeting the customary threshold.
Investor requests to withdraw from Blackstone's flagship private credit fund have decreased at the beginning of the third quarter, following a period of higher redemption demand. Jon Gray, president of Blackstone, stated that redemptions in the Blackstone Private Credit Fund (BCRED), which manages approximately $80 billion in assets, are down materially. In the second quarter, investors had requested to pull 10% of shares, a notable increase from 7.9% in the prior quarter. Blackstone agreed to buy back 5% of shares, which is the customary threshold for this type of investment vehicle.