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Producer: One more time with a little more energy. Christine Anderson, Global Head of Corporate Affairs, Blackstone: All right, more energy. Hello and welcome to this week’s epi… Gilles Dellaert, Global Head of Credit & Insurance, Blackstone: That was more energy, I felt it. Christine Anderson: You felt it? Gilles Dellaert: Go with it. Christine Anderson: All right.
Global News, Top 3 Blackstone, Gilles Dellaert Blackstone has received regulatory approval in the US for its latest private credit fund, that will give retail investors access to the asset class. The Blackstone Private Multi-Asset Credit and Income Fund (BMACX) has been “declared effective” by the Securities and Exchange Commission, according to a Blackstone statement. BMACX is an interval fund, meaning that investors can only cash out after set periods.
A POWERFUL shift is underway in credit markets, as private lenders partner with banks to finance real-economy assets. The investor base has also evolved alongside the growth of private-credit markets, expanding from liability-driven insurance funds to pension capital and sovereign wealth funds to individual investors. This long-term secular trend has helped private-credit markets expand rapidly, but we believe that we’re still in its early innings.
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