Blackstone caps withdrawals from flagship private credit fund Blackstone’s flagship private credit fund experienced a massive surge in redemption requests, reaching $4.5 billion in the second quarter. In response, the company has implemented caps on withdrawals. This move signifies significant pressure on the fund and potentially signals broader market concerns regarding private credit liquidity.

• Blackstone’s private credit fund saw redemption requests climb to $4.5 billion in Q2.
• Withdrawal caps have been imposed on the fund.
• The surge in redemptions indicates potential investor concerns or liquidity issues within the fund. Continue reading https://www.ft.com/content/4eca0255-27e7-47cc-8ebf-c9cc00c62e29