Blackstone (BX) is looking for ways to enter the booming private credit-secondaries market, Bloomberg reported Monday, citing unnamed people with knowledge of the matter.

For this, Blackstone is considering a stand-alone pool of capital that would be used to buy second-hand private credit funds, said Bloomberg, adding that the new strategy would come under Blackstone's Strategic Partners' $87 billion secondaries unit.

The report also said that firms like Ares Management (ARES) and Pantheon Ventures have benefited from the growth in the private credit-secondaries market, where limited partners can sell their stakes to other institutions.

Blackstone did not immediately respond to MT Newswires' request for comment.

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