During the redemption wave gap, Blackstone's $83 billion fund is selling new private credit CLOs.

NightAirdropper · 2026-03-21T00:17:21+00:00

BlackRock's private credit fund plans to sell a batch of bonds backed by its $82.5 billion in assets. BCRED, as the world's largest business development company, plans to complete this guaranteed loan certificate transaction next week. The sale was planned well in advance, and the fund has taken unusual measures to address redemption requests.

NightAirdropper

2026-03-21 00:17:21

Abstract generation in progress

Rui Si Network News: On March 20, Bloomberg cited sources familiar with the matter as saying that Blackstone Group’s flagship private credit fund plans to sell a batch of bonds backed by a broad portion of the fund’s assets totaling up to $82.5 billion. As the world’s largest Business Development Company (BDC), BCRED is seeking to finalize this Collateralized Loan Obligation (CLO) transaction early next week.

It is reported that earlier this month, the Blackstone fund took an unusual step by requiring some senior executives to contribute $150 million to help cope with a surge in redemption requests, rather than restricting investor withdrawals like some of its private credit peers. Nonetheless, sources said that BCRED has been a regular CLO issuer, and this sale was planned several months ago.

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