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

Blackstone Raises $13.1 Billion in Its Largest Asia Private-Equity Fund

Swiss Private-Equity Giant Caps Investor Withdrawals, Sparking Share Selloff

Shares of Apollo, Blackstone, KKR, and peers fell over 5% as private credit fund redemptions hit record levels, raising crypto market spillover concerns.

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 has thrown in the towel and is gating redemptions from its flagship private credit fund for the first time after investors sought to pull 10% of the shares.

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

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

5% limit set as investors seek to cash in 10% of BCRED shares in Q2

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

The attempts to cash out indicate wealthy individuals are continuing a recent retreat after many years of piling into private credit funds.

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

Investors having been putting money into private credit since the 2008 financial crisis. With time, the problems with those investments are starting to show.

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…

JPMorgan, Citi and Big Banks Plan New Tokenized Deposit System to Answer Crypto

JPMorgan, Citi and Big Banks Plan New Tokenized Deposit System to Answer Crypto