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Blackstone restricts flagship fund withdrawals as private asset fears reemerge
Blackstone is restricting withdrawals from its flagship Blackstone Private Credit (BCRED) fund following a spike in investor redemption requests.The asset management giant capped investor withdrawals from the $79 billion non-traded business development company at 5% of shares, after redemption requests hit 10%, or about $4.5 billion, during the second quarter.Shares in Blackstone were up 1.6% in premarket trade Thursday.This is breaking news. Please refresh for updates.
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cryptobriefing.com
Credit markets face shakeout as investor withdrawals rise
Major asset managers gate $4.6 billion in private credit redemptions as investor withdrawals surge, exposing liquidity risks in the booming direct-lending
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US asset managers decline as investors await private credit fund updates
Shares of Apollo, Blackstone, KKR, and peers fell over 5% as private credit fund redemptions hit record levels, raising crypto market spillover concerns.
