Blackstone caps BCRED withdrawals at 5% limit (opens in new tab)

Blackstone limited withdrawals from its flagship Blackstone Private Credit Fund after investors sought to redeem about 10% of outstanding shares in the second quarter, twice the fund's standard 5% repurchase limit. The Financial Times said requests reached $4.5 billion, while CNBC and other sources described BCRED as a $79 billion fund. The limit followed a first-quarter redemption surge of 7.9%, when Blackstone met all requests after raising the quarterly cap and using hundreds of millions o...