Blackstone Caps Withdrawals at Private Credit Fund

Blackstone has limited withdrawals from its flagship private credit fund. This action follows an increase in redemption requests during the second quarter. The asset manager cited regulatory filings regarding the move. The decision places Blackstone among other firms that have restricted access to private asset funds. Partners Group previously indicated it might cap more fund withdrawals. Its prior actions had triggered a private equity rout. This article is intended for informational purposes only. It does not constitute investment advice.