Blackstone has announced the launch of the Blackstone Private Multi-Asset Credit and Income Fund (BMACX), marking its first private multi-asset credit interval fund. This new product is designed to provide individual investors with access to a diversified portfolio of private credit assets.
BMACX will be accessible through select registered investment advisers, expanding Blackstone's reach into the private wealth market. This initiative aligns with the firm's strategic priority of making institutional-caliber alternative investments available to a broader investor base.
The introduction of BMACX underscores Blackstone's commitment to growing its private credit platform and catering to the evolving needs of wealthy individuals. This new fund is expected to contribute to the firm's assets under management and fee-related earnings.
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