Blackstone private credit fund BCRED suffers first monthly loss since 2022BloombergBlackstone Inc’s flagship private credit fund posted its first monthly loss in more than three years, one of the clearest signs yet of weakening performance in the US$1.8 trillion market. The US$83 billion fund, known as BCRED, lost 0.4 percent last month, according to its Web site. Blackstone told investors its loss last month reflected wider spreads across public and private markets, as well as unrealized marks on individual names including Medallia Inc, according to a message to financial advisers. BCRED is among a number of private credit vehicles that have faced elevated redemptions in recent quarters, amid concerns about valuations and underwriting standards in credit markets, as well as the potential for artificial intelligence to disrupt software businesses. The loan has become a weak spot for private credit lenders, exposing sharp differences in valuations across managers.

Source: Taipei Times March 22, 2026 17:13 UTC