Blackstone Limits Withdrawals Amid Renewed Private Asset Concerns
WHO:
CNBC - Blackstone is an asset management giant.
Bloomberg Markets - Partners Group is a Swiss private equity firm.
WHAT:
CNBC - Shares in Blackstone were up 1.6% in premarket trade on Thursday.
Bloomberg Markets - Blackstone shares fell about 4% on Wednesday during the sell-off.
CNBC - Blackstone's flagship private credit fund, BCRED, has a total value of $79 billion.
Bloomberg Markets - Blackstone limited redemptions from its flagship private credit fund for the first time after investors sought to pull 10% of the shares.
CNBC - Blackstone capped investor withdrawals from its Blackstone Private Credit (BCRED) fund at 5% of shares.
CNBC - Redemption requests from investors hit 10% during the second quarter.
Bloomberg Markets - Blackstone limited redemptions from its flagship private credit fund for the first time.
WHERE:
CNBC - The Blackstone Private Credit (BCRED) fund is a non-traded business development company.
WHEN:
CNBC - The spike in redemption requests occurred during the second quarter.
CNBC - Partners Group announced it was prepared to restrict withdrawals in more of its funds on a Thursday.
WHY:
CNBC - The restrictions come amid fears over liquidity pressures in private markets.
CNBC - The spike in client withdrawals is spreading from private credit into private equity.
HOW:
CNBC - Blackstone capped investor withdrawals at 5% of shares in response to the spike in redemption requests.
CNBC - Blackstone implemented a cap on withdrawals in response to increased redemption requests.
(UPDATED June 4, 2026 21:28 UTC)
Shares in Blackstone were up 1.6% in premarket trade on Thursday, following a rough day where the stock fell about 4% during a sell-off on Wednesday. This fluctuation highlights the volatility that can occur in the market. Investors will be watching closely to see how Blackstone performs in the coming days.
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(UPDATED June 4, 2026 16:07 UTC)
Blackstone's flagship private credit fund, BCRED, has reached a total value of $79 billion. In a significant move, Blackstone has limited redemptions from this fund for the first time after investors attempted to withdraw 10% of their shares. To manage the situation, the company has capped withdrawals at 5% of shares in response to the surge in redemption requests.
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(UPDATED June 4, 2026 13:59 UTC)
Blackstone, the asset management giant, has capped investor withdrawals from its Blackstone Private Credit fund at five percent of shares, marking the first time it has limited redemptions from this flagship private credit fund. This decision comes as redemption requests surged to ten percent during the second quarter, reflecting growing fears over liquidity pressures in private markets. Meanwhile, Partners Group, a Swiss private equity firm, announced plans to restrict withdrawals in more of its funds, indicating that the spike in client withdrawals is spreading from private credit into private equity.