Blackstone Private Credit Fund: insider trades · United States · SEC (Form 4)

About Blackstone Private Credit Fund

Blackstone Private Credit Fund (NYSE, United States) is a listed private-credit investment vehicle focused on corporate lending and other credit assets. It is organized as a Delaware statutory trust and structured as a non-diversified, externally managed closed-end management investment company. The fund was formed on February 11, 2020, and is advised by an affiliate within Blackstone Credit & Insurance, Blackstone’s credit and insurance platform. For investors, BCRED provides a public-market wrapper around an asset class that is usually accessed through private institutional mandates, making it relevant to those seeking income-oriented exposure to private credit through a liquid exchange-listed security. BCRED’s core business is the origination and investment of private loans, with a strong emphasis on large, high-quality borrowers and predominantly senior secured financing structures. In recent disclosures, the fund has highlighted its focus on larger operating companies, conservative underwriting, and first-lien opportunities. The investment case is therefore tied to recurring income generation, downside-conscious credit selection, and diversified exposure across industries rather than any operating business of its own. It does not sell products in the consumer sense; instead, its “products” are financial exposures such as direct loans, senior secured debt, and related private-credit instruments. From a competitive standpoint, BCRED benefits materially from the Blackstone brand, the firm’s global origination network, and the broader platform’s presence across credit, private equity, real estate, and insurance. That ecosystem can improve deal flow, underwriting insight, and access to large corporate borrowers. The company is associated with New York, reflecting Blackstone’s core financial-center footprint in the United States, and its listed market is the NYSE. While the fund can invest across multiple sectors and geographies depending on opportunity, its economic center of gravity remains the U.S. private-credit market. Recent developments underscore BCRED’s active balance-sheet management and portfolio deployment. In 2025, the fund disclosed approximately $39.2 billion of committed debt capacity as of June 30, 2025, with a mix of revolver, asset-based facilities, unsecured bonds, short-term secured debt, and CLO-related instruments. It also reported new financings in sectors such as software and power services, including a sizable senior-secured transaction for Saber Power. In September 2025, BCRED issued $500 million of 5.050% notes due 2030, further signaling ongoing capital-markets activity. For investors tracking SEC Form 4 insider transactions, BCRED remains a name to watch because filings may capture transactions involving the fund or Blackstone-affiliated entities around the listed security.