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 . . .

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