Blackstone Private Credit Fund Sells $500 Million of Bonds

The Blackstone headquarters at 345 Park Avenue in New York, US, on Monday, Aug 4, 2025. Blackstone Inc. is reopening its New York headquarters today after keeping the office shuttered in the wake of a shooting spree that killed four people, including one of its senior executives. Photo by Michael Nagle / Bloomberg

(Bloomberg) — Blackstone Inc.’s flagship private credit fund sold $500 million of five-year, investment-grade debt Wednesday, the latest business development company to issue or signal plans to offer dollar bonds.

The notes from the Blackstone Private Credit Fund, known as BCRED, yield 1.6 percentage point above Treasuries, according to a person with knowledge of the deal, who asked not to be identified disclosing details about the transaction.

Initial price discussions ca