Blackstone (BX) Enters Partnership With BNP Paribas (BNPQY)

Blackstone Inc. (BX) enters a partnership with BNP Paribas SA (BNPQY) to form a new fund financed by French individuals. The aim of the fund will be to invest in companies in private debt.Notably, the private credit market has gained importance as an alternative source of financing for companies, especially those that face difficulties accessing traditional bank loans or prefer a more flexible and tailored financing structure.BX’s vehicle, dubbed “Blackstone Credit Privé Europe SC,” aims to tap into the lar ...