Blackstone private credit fund BCRED suffers first monthly loss since 2022

NodeGuardian · 2026-03-22T19:05:50+00:00

Blackstone's BCRED fund saw a 0.4% loss, its first since September 2022, indicating a possible decline in the private credit market. The loss resulted from wider spreads and asset marks, yet the fund still reports strong annualized returns.

NodeGuardian

2026-03-22 19:05:50

Abstract generation in progress

Blackstone Inc.'s flagship private credit fund, BCRED, recorded its first monthly loss since September 2022, declining 0.4 percent last month. This performance signals potential weakening in the US$1.8 trillion private credit market. The loss was attributed to wider spreads and unrealized marks on assets like Medallia Inc., though Blackstone maintains the fund has delivered strong annualized returns since its inception.

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