Sept 3 (Reuters) – Blackstone is continuing to cap withdrawals at its flagship private credit fund in the third quarter as requests to pull money remain elevated, according to a regulatory filing on Thursday.
Investors sought to pull 10% of shares in the third quarter from Blackstone Private Credit Fund. The fund will repurchase 5% of shares.
The latest data indicates that wealthy individuals are continuing their attempts to cash out of such vehicles after many years of piling into funds that offer exposure to rarely traded assets.
Blackstone shares fell about 1% in premarket trading.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar and Vijay Kishore)
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