Blackstone caps withdrawals at flagship private credit fund
Blackstone capped withdrawals at its private credit fund after redemption requests hit 10 percent. The fund will fulfill 5 percent of shares as activity slowed.
BLACKSTONE INC capped withdrawals at its flagship private credit fund after redemption requests reached 10% of outstanding shares in the second quarter. BLACKSTONE INC will fulfill 5% of these repurchase requests, according to a regulatory filing on June 4. The decision follows a rise in redemption requests during the quarter, making the entity the latest asset manager to implement such caps.
### Liquidity Constraints Hit Private Credit Investors in the Blackstone Private Credit Fund sought to pull 10% of outstanding shares in the second-quarter tender offer. The 5% fulfillment limit aligns with the fund's structural repurchase capacity.
