Blackstone has implemented caps on withdrawals from its flagship private credit fund following a significant increase in redemption requests, which reached $4.5 billion in the second quarter of 2026. This move comes amidst growing concerns in the private credit sector. In the first quarter of the year, Blackstone had fulfilled all redemption requests totaling 100%.

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Blackstone caps withdrawals from flagship private credit fund

Redemption requests surged to $4.5bn in second quarter amid mounting fears in sector

The Blackstone headquarters sign is visible behind a group of people walking by on a city sidewalk. Blackstone honoured 100% of its redemption requests in the first quarter© Bloomberg

Eric Platt in New York

PublishedJune 4 2026

UpdatedJune 4 2026

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