Blackstone's Private Credit Fund Records First Monthly Loss Since 2022
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Blackstone's BCRED Fund Suffers First Monthly Loss Since 2022
M
Moneycontrol•21-03-2026, 07:32
Blackstone's BCRED Fund Suffers First Monthly Loss Since 2022
•Blackstone Private Credit Fund (BCRED) recorded its first monthly loss in over three years, declining 0.4% in February.
•The $83 billion fund's loss signals weakening performance in the $1.8 trillion private credit market.
•Blackstone attributed the loss to wider spreads in public and private markets and unrealized marks on names like Medallia.
•Despite the loss, Blackstone highlighted BCRED's outperformance against the leveraged loan market in February and year-to-date.
•BCRED has faced elevated redemptions amid concerns over valuations and underwriting standards, leading Blackstone to use its own cash to meet requests.
