Blackstone Approves $3.8 Billion in Private Credit Fund Redemptions
Blackstone Inc. has approved investor redemption requests totaling 7.9% of shares from its flagship private credit fund. These requests are equivalent to approximately $3.8 billion.
Blackstone will fulfill investor redemption requests amounting to 7.9% of shares, or approximately $3.8 billion, from its flagship private credit fund.
The company plans to fulfill the majority of these requests by expanding a previously announced tender offer. This expanded offer will now cover 7% of the fund's total shares. Blackstone and its employees will address the remaining 0.9% of redemption requests.
According to a recent filing, the fund's total assets, including leverage, are estimated at $82 billion.