Blackstone’s BCRED Posts First Monthly Loss in Over Three Years as Investor Withdrawals Hit $3.7B

TLDR: BCRED reported a 0.4% loss in February 2025, its first monthly decline since September 2022’s 1.3% drop. Investors withdrew $3.7 billion from BCRED in Q1 2025, surpassing the fund’s typical quarterly redemption volume. Blackstone wrote down loans for select borrowers, including software firm Medallia, per a letter to financial advisers. Blackstone shares have dropped [...]

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