Blackstone’s $80 Billion Credit Fund Faces Another Liquidity Test
Blackstone Private Credit Fund is offering to repurchase up to 93.1 million shares, about 5% of its total, with the tender closing May 29. The $80 billion fund saw Q1 inflows drop to $1.9 billion and repurchase requests rise to $3.2 billion. Shares will be bought at net asset value as of June 30. Not all tendered shares may be accepted if offers exceed the cap.