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Blackstone Exclusive: Behind The $400 Million Capital Raise

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.

Signage is seen at the Blackstone Group headquarters in New York City, U.S., January 18, 2023. Photo: Getty Images
Signage is seen at the Blackstone Group headquarters in New York City, U.S., January 18, 2023. Photo: Getty Images

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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