Blackstone Private Credit Fund Breaks Escrow with Net Proceeds of $814 Million

Blackstone announced that Blackstone Private Credit Fund (“BCRED”), the firm’s non-listed business development company (“BDC”), broke escrow with approximately $814 million in net proceeds for its continuous public offering on January 7, 2021. With leverage, BCRED may have approximately $1.8 billion of investable capital. Blackstone Credit manages approximately $135 billion of assets overall and invests […]