# Blackstone Raises $1B for Private Credit Exit

> Blackstone secures $1 billion to let private credit investors exit while retaining portfolio exposure.
- Title: Blackstone Raises $1B for Private Credit Exit · Dealroom
- Summary: Blackstone secures $1 billion to let private credit investors exit while retaining portfolio exposure. Blackstone raised $1 billion for a private credit…
- Keywords: blackstone, private credit, continuation fund, investors, loan portfolio, allianz, stepstone, evercore, startups, business, Raises, Private
- Source: Dealroom — https://dealroom.co/news/161162-blackstone-raises-1b-to-let-private-credit-investors-cash-out
- Published: 2026-10-09T13:11:44+00:00
- Read time: 1 min
- Topics: blackstone, private credit, continuation fund, investors, loan portfolio, allianz, stepstone, evercore, startups, business
## 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.
## Key takeaway

Blackstone raised $1 billion for a private credit continuation fund to let investors exit while keeping exposure to loans.