Blackstone Investors Ask to Pull $4.4 Billion From Private-Credit Fund

Blackstone is restricting withdrawals from its flagship Blackstone Private Credit (BCRED) fund following a spike in investor redemption requests.The asset management giant capped…

Blackstone Investors Ask to Pull $4.4 Billion From Private-Credit Fund

Blackstone Investors Ask to Pull $4.4 Billion From Private-Credit Fund

Blackstone caps withdrawals at flagship fund; Partners cap expected on second pool

Blackstone Investors Ask to Pull $4.4 Billion From Private-Credit Fund

Shares of banks and other financial institutions rallied, registering their biggest gain in a year as traders rotated into lagging sectors. The gains came despite an about-face…