Blackstone Private Credit Fund sees repurchase requests and 3% NAV outflows
Regulatory filings covering 44 U.S. business development companies show total investments worth $92.88 billion at June 30 versus $95.19 billion at reported cost. While markdowns were concentrated earlier, losses at a handful of borrowers contributed to dispersion. Blackstone’s BCRED received about $4.3 billion of repurchase requests and recorded net outflows of roughly 3% of NAV in the third quarter so far.