Market Chatter: Blackstone Explores Inroads Into Private Credit-Secondaries Market

MT Newswires Live
Jul 07

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.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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