Blackstone's Bcred Hit With $4.3B in Redemption Requests, Third Straight Quarter Above 5%
BX sits 36% above its 52-week low of $101.73.
Summary
Blackstone Private Credit Fund (Bcred) received $4.3 billion in redemption requests last quarter, about 10% of shares outstanding, and capped payouts at the 5% semi-liquid limit. This is the third consecutive quarter requests exceeded 5% and the second straight quarter of capping. The fund lost about 3% of net asset value to net outflows. The trend shows persistent retail investor unease with private credit liquidity, despite Blackstone's strong Q2 earnings and other positive developments. Watch for whether outflows accelerate or stabilize in the next quarterly report.
At the time of this announcement, BX was trading at $138.03 on NYSE in the Finance sector, with a market capitalization of approximately $171.4B. The 52-week trading range was $101.73 to $190.09. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.