Reported 29 days ago
Blackstone Inc. has raised approximately $22 billion for a new direct lending fund aimed at institutional investors, blending features of drawdown and evergreen funds. This new initiative emphasizes large-cap and middle-market lending and complements Blackstone's existing $62 billion Private Credit Fund. The firm's total direct lending platform now exceeds $123 billion, contributing to a broader credit asset management portfolio of $432 billion as of September 30.
Source: YAHOO