Blackstone President Jon Gray on private credit fund redemptions

Welcome back. Blackstone making headlines in the private credit arena this morning. The firm says it will fulfill 100% of repurchase requests in its $82 billion BCR fund.This after investors sought to redeem a record 7.9% of the fund. Now, Blackstone is meeting those requests by increasing the size of a previously announced tender offer to 7% of total shares. It is stepping in alongside some of its employees to offset the remaining.9%.This of course is questions swirl around liquidity and valuations in priv ...