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Blackstone Private Credit Fund is a Delaware statutory trust organized as a non‑diversified, closed‑end management investment company that has elected to be regulated as a business development company (BDC). The Fund’s investment objective is to invest primarily in U.S. senior secured private loans and other private credit instruments to seek current income and capital appreciation; the Fund offers its shares on a continuous basis and provides limited liquidity through periodic tender offers (generally quarterly), and is externally managed by Blackstone Private Credit Strategies LLC with Blackstone Credit BDC Advisors LLC as sub‑adviser.
News and Notices
Blackstone
2021
'40 Act
Non-Traded BDC
USD
Quarterly
Daily
1.25%
December 31
News and Notices
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Portfolio Composition
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Tender Offers
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Returns
Fees
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Per Page
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1-10 of 273
Notices
Date
Time (ET)
Notice Type
Source
Notice
Mar 03, 2026
08:01
Distributions, Marketing Materials, Redemptions
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Blackstone Private Credit Fund filed a Q3 distribution and tender offer update, reporting estimated Q3 repurchase requests of $4.3 billion, about 10% of shares outstanding, and plans to fulfill 5%.
Dec 20, 2023
07:33
Distributions, Subscriptions
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Blackstone Private Credit Fund sold 1,339,715 unregistered Class I common shares for $31.7 million and declared August gross distributions of $0.1800 per share. Record holders on August 31, 2026 will receive cash or reinvested distributions around September 25, 2026.
Jul 19, 2025
16:05
Debt Issuances, Marketing Materials
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Blackstone Private Credit Fund issued $750 million of 6.200% unsecured notes due November 15, 2031, closing on August 19, 2026. The notes pay interest semi-annually beginning May 15, 2027 and may be redeemed by the fund under specified pricing terms.
Oct 18, 2024
16:07
Debt Issuances, Marketing Materials
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Blackstone Private Credit Fund is offering $750 million of 6.200% unsecured notes due 2031 at 98.966% of principal, with expected net proceeds of about $735 million.
Nov 17, 2023
16:49
Debt Issuances, Marketing Materials
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Blackstone Private Credit Fund set final terms for $750 million of 6.200% notes due 2031, offered at 98.966% with a 6.428% yield. Purchasers trading before the business day before delivery must specify alternative settlement arrangements to prevent failed settlement.
Jul 04, 2025
08:42
Fees, Redemptions
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Blackstone Private Credit Fund began a tender offer for up to 90,421,330 shares at September 30, 2026 net asset value. Investors with accepted tenders receive promissory notes, with shares issued after October 1, 2025 subject to a 2% deduction.
Apr 04, 2026
08:30
Redemptions
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Blackstone Private Credit Fund reported final tender offer results, accepting 93.1 million of 191.8 million validly tendered shares pro rata, representing 5% of outstanding shares, and paying $2.2 billion at $23.65 per share.
Oct 30, 2023
17:24
Marketing Materials, Performance, Redemptions
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Blackstone Private Credit Fund reported a 0.3% Class I total net return for Q2 2026, a $78 billion portfolio and over $17 billion of available liquidity. Repayments and subscriptions represented 165% of shares accepted for repurchase.
Oct 24, 2023
16:40
Compliance
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Blackstone Private Credit Fund delayed the effectiveness date of its previously filed registration statement from June 26, 2026 to August 23, 2026, with Brad Marshall signing as Chief Executive Officer and Trustee.
Jan 24, 2026
16:35
Marketing Materials, Personnel
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Blackstone Private Credit Fund updated its prospectus to reflect Katherine Rubenstein’s June 15, 2026 departure as Chief Operating Officer and Jonathan Bock’s July 20, 2026 departure as Co-Chief Executive Officer. Brad Marshall is now referenced as Chief Executive Officer.
Preview
News
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Debt
BDCs
Capital Flows
North America
Blackstone Private Credit Fund faces third redemption spike
Sep 3, 2026

Shareholders submitted an estimated $4.3 billion of Q3 repurchase requests, representing around 10% of shares outstanding, as of June.

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Debt
People
North America
BDCs
Blackstone's private debt fund sees another C-suite exit
Jul 27, 2026

Jonathan Bock has stepped down as Co-CEO of Blackstone Private Credit Fund, less than a month after its COO resigned.

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Contributors
Research & Stats
Debt
BDCs
Capital Flows
After the Storm: Why Private Credit Redemption Queues Will Endure
Jul 8, 2026

Mark Goldberg of Alternative Investments Market Intelligence analyzes why redemption queues across non-traded BDCs could take years to clear despite easing withdrawal demand.

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Capital Flows
Debt
BDCs
BCRED declares $448 million in gross distributions for June
Jun 24, 2026

Blackstone's private debt BDC had an aggregate NAV of approximately $45.3 billion as of May 31.

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Debt
People
North America
COO of Blackstone's private debt fund departs role
Jun 22, 2026

The non-traded BDC faced elevated redemption requests for a second consecutive quarter, prompting it to cap repurchases at 5% of shares outstanding.

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BDCs
Capital Flows
North America
Debt
Blackstone's private debt fund faces elevated redemptions, again
Jun 4, 2026

Blackstone Private Credit Fund has opted to cap withdrawals at 5% this time, satisfying only half of the requests.

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Debt
BDCs
North America
Blackstone's private debt fund sells $850 million in notes
Apr 23, 2026

The $80 billion BCRED recently raised its Q1 repurchase offer to 7.9% of outstanding shares, after being met with elevated redemption requests.

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Debt
BDCs
Blackstone is latest manager to raise BDC withdrawal limits
Mar 4, 2026

The firm increased the tender cap on Blackstone Private Credit Fund to redeem 7.9% of outstanding shares, in response to record redemption requests.

Blackstone Private Credit Fund
Blackstone and GSO Capital Partners are responsible for managing Blackstone Private Credit Fund.
Blackstone Private Credit Fund launched in 2021.
Blackstone Private Credit Fund is registered as a '40 Act fund.
Blackstone Private Credit Fund is structured as a Non-Traded BDC fund.
You can invest in Blackstone Private Credit Fund by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in Blackstone Private Credit Fund daily, subject to eligibility and fund subscription deadlines.
You can redeem shares of Blackstone Private Credit Fund quarterly, subject to redemption limits and notice requirements.
Shares of Blackstone Private Credit Fund can be purchased in USD.
Blackstone Private Credit Fund's fiscal year end is December 31.
Blackstone Private Credit Fund's net asset value was $42,775.6 million and its portfolio had a fair value of $77,664 million as of June 30, 2026.
Among other deal types, Blackstone Private Credit Fund primarily makes Debt Investments.
Among other asset classes, Blackstone Private Credit Fund primarily invests in Direct Lending.
Among other regions, Blackstone Private Credit Fund primarily invests in the USA and United Kingdom.
Blackstone Private Credit Fund charges a 1.25% annual management fee, which is calculated based on NAV.
You can invest in BCRED-S shares with a minimum initial investment of $2,500.
You can invest in BCRED-I shares with a minimum subsequent investment of $500.
You will be subject to paying an early repurchase/redemption fee of 2%.
Blackstone Private Credit Fund's BCRED-I share class generated an annualized 1-month return of 0.81% and 5-year return of 8.34% as of June 30, 2026.
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