Blackstone Credit Fund Posts First Monthly Loss Since 2022
The BCRED fund reported a 0.4 percent loss in February as investors withdrew 3.7 billion dollars. Major banks are tightening lending amid liquidity concerns.
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The flagship private credit fund managed by Blackstone Inc. recorded its first monthly loss in more than three years this February. According to the fund's website, the Blackstone Private Credit Fund (BCRED) reported a total loss of 0.4% for the month, marking its first negative performance since September 2022.
