Blackstone to launch new private multi-asset products for affluent individuals
The new products, expected to come in the following months, will offer exposure to multiple private market asset strategies at once

CalPERS, CalSTRS disclose large commitments to Blackstone credit vehicles
CalPERS invests USD 5.75bn in 3Q25 across seven vehicles; CalSTRS, LACERA reveal allocations totalling USD 750m each

Private credit managers rush to cover outflows from perpetual, nontraded BDCs
ANALYSIS: Individual investors, once a reliable source of direct lending dry powder, are redeeming nontraded BDC shares beyond what the product was designed to handle

Maine, New Mexico systems eye large bets in senior direct lending
Maine PERS plans USD 375m for Blackstone funds; New Mexico SIC allocates USD 300m to Neuberger Berman; LADWP, Ventura County pensions also disclose recent moves

Wisconsin, Texas systems increase commitments to opportunistic credit
Wisconsin Investment Board allocates USD 650m in 4Q25; Texas system commits USD 350m to LuminArx, Ares

Oklahoma system allocates USD 1.3bn as others set 2026 targets
OTRS commits USD 1.3bn to Blackstone, KKR private credit funds, while Los Angeles, New Hampshire, San Antonio pensions disclose recent moves

Blackstone starts new fundraising round for institutional, evergreen US direct lending fund
The alternative asset management giant is back to raise more capital for Blackstone Senior Direct Lending Fund after previously closing on USD 22bn in October 2024

Blackstone raises USD 1.6bn for new high-yield ABF strategy
The alternative asset management giant is targeting USD 4bn for its new high yield, private-asset-based finance fund

Blackstone IG private credit reaches USD 115bn off insurer interest
The alternative asset manager is focused on raising capital from this investor segment without becoming an insurer itself.

Bain taps veteran of DWS, Blackstone Credit for global credit COO role
The firm created the new role as the global credit platform scales

Seven managers make up 90% of private credit fundraising – Morningstar
Over the last five years, Apollo alone accounted for 29% of all capital raised for private credit

Blackstone hires ex-Lazard co-head of US financial institutions
Joseph Cassanelli will work on the team behind Blackstone’s Tactical Opportunities strategy, which allows Blackstone to invest across asset classes, industries and geographies

Kayne Anderson to debut private BDC to tap affluent investors
EXCLUSIVE: Private BDCs, pioneered by some of the largest direct lenders in the market, are becoming a common vehicle across the private credit manager industry

Private credit’s golden era never really ended – Blackstone’s Michael Zawadzki
On the Credit Exchange podcast, Lisa Lee speaks with the CIO of Blackstone Credit and Insurance about opportunities in volatile markets and the durability of private credit premiums

JPMorgan enters private credit big leagues with USD 4bn Boeing unit financing
EXCLUSIVE: The bank takes down the third-largest piece of the giant unitranche, lending shoulder-to-shoulder with direct-lending giants

Tariffs will increase defaults – Blackstone
The alternative asset management giant also said the private credit market is providing financing that previously would not have been available in times of dislocation like this

Blackstone, Wellington and Vanguard partner on public-private investment products
The three asset management giants are joining forces to offer individual investors access to multi-asset portfolios once only available to institutional investors

Blackstone receives SEC approval for private credit interval fund
The new fund will invest across private corporate credit, asset-based credit, real estate debt, structured credit and liquid credit

Blackstone partners with ITE to push into IG private credit
Blackstone Credit & Insurance has been focused on building its private origination pipeline for IG private credit

Blackstone plays ‘banker with a balance sheet’ to find lending deals
Blackstone’s BDC retreated to deploying in the upper middle market as the broadly syndicated market reclaimed large cap deals  

Blackstone survey shows PE sponsors expect private credit to take lion-share of financing deals
Blackstone sees a “super cycle” in private credit occurring next year, according to Brad Marshall, boosted by an expected pick-up in M&A and usage of direct lending

US direct lenders anticipate M&A “super cycle” in 2025
Senior direct lending deal flow has returned in the US with third quarter deployment rebounding to highs not seen since 2021

Blackstone raises USD 22bn for senior direct lending
Blackstone has raised USD 22bn, inclusive of leverage, for its institutional US direct lending fund and related vehicles

Blackstone makes two senior hires for infra lending and asset-based credit
Blackstone has hired two senior managing directors to focus on infrastructure and asset-based lending as members of the greater BXCI team

Blackstone reports 18% return from private credit over last 12 months
Blackstone's private credit and liquid credit returns outperform private equity investments in the last 12 months