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Top related persons:
Blackstone - 2 SoFi - 1 Vivek Paul - 1 Paul - 1 Goldman - 1 Greg Olafson - 1 David Solomon - 1 Fitch - 1
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Blackstone Private Credit Fund - 2 Street - 1 Franklin BSP Private Credit Fund - 1 CNBC - 1 Wall - 1 BlackRock - 1 Research - 1 Management - 1

Search resuls for: "Blackstone Private Credit Fund"


5 mentions found


☆ Private credit may offer high yields, but investors should tread carefully. What to know
  + stars: | 2024-02-29 | by ( Michelle Fox | ) www.cnbc.com   time to read: +8 min
Private credit has become a hot investment on Wall Street as institutional investors seek out alternative investments with attractive dividends. "Investors might consider allocating a portion of their portfolio to private credit, depending on their individual risk tolerance, investment horizon and financial goals." Private credit funds have yields generally in the low-teens, although it can vary, he said. In a February report on U.S. life insurance ratings, Fitch Ratings said, "elevated private credit borrower leverage and a relative deterioration in private credit terms and conditions during more competitive lending environments are adding to pressures in the credit quality of private credit assets." The majority of the portfolio is in direct lending private credit, but a portion is also in publicly-traded securities of larger corporate issuers.
Persons: SoFi, Vivek Paul, Paul, Goldman, Greg Olafson, David Solomon, Fitch, Lisa Kwasnowski, Blackstone, Kwasnowski, Chuck Failla, it's, Failla, Oppenheimer, Mitchel Penn, Penn, Ares Capital, They've Organizations: Street, Franklin BSP Private Credit Fund, CNBC, Wall, BlackRock, Research, Management, UBS, Blackstone Private Credit Fund, Sovereign Financial Group, Securities and Exchange Commission, Owl, Golub, Ares, Sixth, SEC Locations: DBRS Morningstar's
☆ Blackstone to raise $400 million to boost credit fund's lending power - FT
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +1 min
FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo/File Photo Acquire Licensing RightsNov 16 (Reuters) - Blackstone (BX.N) is in the final stages of raising about $400 million for its Blackstone Private Credit Fund (BCRED) to secure additional investment advantage, the Financial Times reported on Thursday. The private equity firm will sell loans that BCRED owns to the CLO to enhance competitiveness, FT said. Blackstone, which also manages multiple other funds, faced a significant decline in withdrawal requests from Blackstone Real Estate Income Trust (BREIT) in September, Kathleen MacCarthy, its global co-head of real estate, said then. Financial Times had in August reported that Blackstone, , plans to launch a private equity fund for wealthy individuals early next year.
Persons: CLOs, Blackstone, Kathleen MacCarthy, Mrinmay Dey, Dhanya Ann Thoppil Organizations: Blackstone Group, REUTERS, Blackstone, Blackstone Private Credit Fund, Financial Times, The, Reuters, Unified Women’s Healthcare, Blackstone Real, Income, Thomson Locations: New York City, U.S, The New York, Bengaluru
☆ The SEC is reaching out to Blackstone and Starwood after the real-estate giants limited investors' withdrawals from their funds, report says
  + stars: | 2022-12-16 | by ( Alex Nicoll | Rebecca Ungarino | ) www.businessinsider.com   time to read: +3 min
Investors are pulling their money from big real estate funds at a quick pace. Blackstone and Starwood recently limited investors' ability to withdraw. The real estate funds have recently seen a surge in withdrawal requests amid a broad drop in investor sentiment and potential economic downturn. Representatives for the SEC and Starwood did not immediately return requests for comment on Friday. But this year has brought challenges as the real estate market sours and more investors are turning bearish.
☆ Blackstone's credit fund reaches withdrawal limit
  + stars: | 2022-12-07 | by ( ) www.reuters.com   time to read: +1 min
This is the first time redemption requests had reached the pre-set limit of 5% since Blackstone launched the product in January last year. Blackstone Private Credit Fund (BCRED) received withdrawal requests from its investors that were about 5% of the fund's outstanding shares in the fourth quarter that ended on Nov. 30, according to a regulatory filing. Blackstone said all redemption requests made to BCRED will be honored and that the fund has $8 billion of immediate liquidity. "We saw net positive flows this quarter as investors sought compelling yields in high-quality assets with little volatility." Reporting by Chibuike Oguh in New York; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
☆ Blackstone's bet on small investors bites the private-equity giant as investors pull out of its high-profile real-estate fund
  + stars: | 2022-12-01 | by ( Rebecca Ungarino | ) www.businessinsider.com   time to read: +4 min
BREIT, as the large real-estate fund is known, has been key to the firm's retail investor push. Blackstone, the $951 billion private-equity behemoth, is better known for its big buyouts, splashy deals, and real-estate market domination than its products catering to individuals. BREIT, as the real-estate fund is known, has posted a return of 9.3% so far this year and a 15.5% three-year annualized return, according to its website. But investor sentiment has appeared to turn for this real-estate fund, posing a challenge for the firm's retail push. Last month, Credit Suisse downgraded Blackstone stock over concerns in BREIT and BCRED.
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