Blackstone said its flagship private-credit fund saw heavy outflows

Core Viewpoint - Blackstone's flagship private-credit fund experienced significant outflows, indicating stress within the industry [1] Group 1: Fund Performance - The Blackstone Private Credit Fund, which has $82 billion in assets, saw a redemption of 7% this quarter, exceeding the typical 5% available for repurchase [1] - Additionally, Blackstone employees redeemed another 0.9% of the fund under the same terms [1]