CNBC World4/6/2026Business1 min de lectura
Blackstone Restricts Withdrawals from Private Credit Fund
En resumen
- Blackstone is limiting investor withdrawals from its $79 billion Private Credit fund (BCRED) after redemption requests surged to 10% in Q2.
- The asset manager capped withdrawals at 5% of shares.
Resumen generado por IA
Tamaño de fuente
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.
Temas relacionados
This article was originally published by CNBC World.
