From Dealroom · · 50s
Blackstone Raises $1B for Private Credit Exit
Blackstone secures $1 billion to let private credit investors exit while retaining portfolio exposure.
In brief
Blackstone secures $1 billion to let private credit investors exit while retaining portfolio exposure. Blackstone raised $1 billion for a private credit continuation fund to let investors exit while keeping exposure to loans. Originally reported by Dealroom.
Blackstone Raises $1 Billion
Blackstone has raised roughly $1 billion for a private credit continuation fund to let existing investors exit while the firm retains exposure to the underlying loan portfolio.
Allianz and StepStone Lead
Allianz Global Investors and StepStone Group are the lead buyers for this private credit continuation fund.
Continuation Fund Details
The fund holds assets from Blackstone Capital Opportunities Fund IV, which delivered an 11% net internal rate of return as of June 30, 2024.
The big picture
Blackstone raised $1 billion for a private credit continuation fund to let investors exit while keeping exposure to loans.
