Blackstone Private Credit

Blackstone Private Credit Fund Caps Redemptions

Blackstone BCRED Joins Private Credit Funds Limiting Redemptions

Blackstone caps withdrawals from flagship private credit fund

Redemption requests surged to $4.5bn in the second quarter amid mounting fears in sector

Blackstone restricts flagship fund withdrawals as private asset fears reemerge

Blackstone is restricting withdrawals from its flagship Blackstone Private Credit (BCRED) fund following a spike in investor redemption requests. The asset management giant capped investor withdrawals from the $79 billion non-traded business development company at 5% of shares, after redemption requests hit 10%, or about $4.5 billion, during the second quarter. Shares in Blackstone were up 1.6% in premarket trade Thursday.

KKR, Ares, Blackstone tumble premarket as Partners Group caps private equity fund withdrawals

Shares in KKR, Blackstone and other sector peers tumbled in premarket trading on Wednesday as fears over private market valuations returned to the spotlight after Switzerland's Partners Group moved to restrict investor withdrawals from one of its funds. Shares in KKR were sharply lower ahead of the opening bell, and were last seen 4.7% lower. Blackstone was down 3.9%, while Ares Management dropped almost 2.5%.

CNBC Daily Open: Chips are down — but not for the Dow

Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC's Daily Open. Wall Street had a strong session overnight — if you squint past the Nasdaq.

Partners Group warns it could cap more fund withdrawals after triggering private equity rout

Partners Group is prepared to restrict investor withdrawals across more of its funds, the Swiss private markets giant said Thursday, after capping redemptions in one of its European vehicles following a surge in exit requests. The Zurich-listed fund manager warned that the spike in client withdrawals that upended private credit markets this year now appears to be spilling over into the private equity space. On Wednesday, Partners Group said it was halting withdrawals from its Global Value...

Apollo and Blackstone raise $35bn in chip financing deal for Anthropic

Transaction is one of the largest private credit fundraisings, fuelling the Claude maker’s AI growth plans

Jim Cramer says Thursday's rally shows investors' 'huge appetite' for stocks

CNBC's Jim Cramer said Thursday's rally showed investors remain resilient and eager to buy stocks. "This market has a huge appetite," the "Mad Money" host said. "One that could shrug off a bear…and still be hungry for more."

Apollo, Blackstone back Anthropic's $35 billion capacity expansion in new Broadcom tie-up

Apollo, Blackstone back Anthropic's $35 billion capacity expansion in new Broadcom tie-up June 9 : Apollo and Blackstone are financing a $35 billion expansion of AI computing capacity for Anthropic using Broadcom's custom chips and networking solutions as part of a tie-up between the asset managers and the chipmaker. The initial commitment will expand the Claude Code creator's AI computing capacity by one gigawatt, the companies said on Tuesday. One gigawatt is enough to power about 750,000...