Global investment manager Blackstone is nearing the completion of a $400 million raise for its Blackstone Private Credit Fund (BCRED) to strengthen its lending capacity, according to sources.
The New York-based firm plans to utilize collateralized loan obligations (CLOs) secured by loans held within its flagship $52 billion private credit fund.
This approach aims to provide BCRED with a competitive advantage in the market.
Blackstone has not yet responded to requests for comment on the report.
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