(HedgeCo.Net) Private credit has been the defining growth story of alternative investments over the past decade. But recent net outflows from the Blackstone Private Credit Fund (BCRED) — Blackstone’s flagship private credit vehicle — signal that the asset class is entering a more complex phase.
While the fund remains massive — roughly $80+ billion in scale — net redemptions have raised an uncomfortable but important question: Is private credit facing a liquidity stress test?
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