Blackstone's Gray: Market ‘noise' fueled record redemptions from world's largest private credit fund

Jon Gray, President and COO of Blackstone, speaks during the Axios BFD event in New York City, U.S., October 12, 2023. REUTERS/Brendan McDermidBlackstone president Jon Gray on Tuesday defended the quality of loans within the firm's flagship private credit fund after investors pulled nearly 8% from it in the last quarter.The alternative asset management giant said in a late Monday filing that it allowed investors to withdraw 7.9% of BCRED, which it calls the largest private credit fund in the world, with abo ...