Blackstone Sees Recovery in Private Credit Amid Investor Withdrawals
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Blackstone Inc. is working through a backlog of investors who’ve asked to pull cash out of the firm’s flagship private credit fund and is confident the asset class will recover, President and Chief Operating Officer Jon Gray told Swiss newspaper NZZ.
Gray expressed optimism about the future of private credit, indicating that flows into the asset class will eventually return as market conditions improve.
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“Blackstone Inc. is working through a backlog of investors who’ve asked to pull cash out of the firm’s flagship private credit fund and is confident the asset class will recover, President and Chief Operating Officer Jon Gray told Swiss newspaper NZZ.”
Bloomberg — Flows Will Return to Private Credit, Blackstone’s Gray Tells NZZ