Blackstone nets $814m with private credit BDC public offering
The Blackstone Private Credit Fund, Blackstone’s non-listed business development company, broke escrow with roughly $814 million in net proceeds for its continuous public offering on January 7.
Officials at the $135 billion credit unit said that including leverage the fund now has approximately $1.8 billion of investable capital.
The Blackstone Private Credit Fund (BCRED) is part of Blackstone Credit’s $21 billion direct lending platform, which offers privately originated, senior secured, floating rate loans to U.S. and European middle market companies. The aim with BCRED is to offer individual investors access . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Annual subscriptions get you the most bang for your buck, including access to Alternatives Watch Research articles and out Annual Investor Compendium.
Monthly subscriptions and discounted corporate plans for up to 100 members also available.
