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0.000325263695924879 0.00148691975279956 0.00218391338692439 0.00134752102597459 -0.000464662422749846 -0.00306677199014914 -0.000418196180474901 -0.00329910320152413
Stock impact report

Is it Time to Sell Blackstone Stock Amid Rising Private Credit Woes? [Yahoo! Finance]

Blackstone Inc. (BX) 
Last blackstone inc. earnings: 4/23 06:56 am Check Earnings Report
Company Research Source: Yahoo! Finance
As rising concerns about the private credit market, fund outflows and macroeconomic pressures affect alternative asset managers, shares of Blackstone Inc. BX have lost 28.2% in the past three months compared with the industry's 21.4% decline. Investor sentiment weakened after the firm's flagship $82-billion private credit fund (BCRED) saw unusually high redemption requests, with investors withdrawing billions of dollars and redemption levels exceeding typical quarterly limits, raising worries about liquidity and the stability of private credit funds. Earlier this month, Blackstone announced a rise in its redemption cap from 5% to 7%. Primarily, the withdrawals were triggered by the recent high-profile corporate bankruptcies and credit stress in sectors such as auto suppliers and subprime lenders, which raised concerns about potential loan defaults within private credit portfolios. Also, investors became worried about exposure to software and technology borrowers, which face uncer Show less Read more
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