SEC Approves Retail-Friendly Blackstone Private Credit Fund
Blackstone Inc. has won approval from the US Securities and Exchange Commission to launch its newest private credit fund, one of the latest efforts to give individuals access to assets that are mostly backed by institutions.
The Blackstone Private Multi-Asset Credit and Income Fund, or BMACX, should be available for purchase in the second quarter of 2025, according to a press release. It is an interval fund, which only lets investors cash out after set periods. BMACX will be ticker traded — a rarity in private credit — allowing investors to take advantage of repurchase offers on a quarterly basis.
The fund will offer exposure to areas such as real estate, direct lending and asset-backed loans, and plans to invest at least 80% of assets in private credit. Each of BMACX’s four share classes will have an initial offer price of $15 apiece.
“This multi-asset approach creates a core portfolio building block to tap into the expanding private credit markets, which we believe can offer enhanced yield with less volatility than traditional fixed income,” Gilles Dellaert, global head of Blackstone Credit & Insurance, said in a press release.
