Blackstone Private Credit Interval Fund Declared Effective
Blackstone (NYSE: BX) announced that the Blackstone Private Multi-Asset Credit & Income Fund, or BMACX, has been declared effective by the U.S. Securities and Exchange Commission.
“We have designed BMACX to have daily subscriptions through an interval fund structure, with low investment minimums and capital invested immediately. We believe this creates an investor friendly way to access a wide variety of credit opportunities,” said Heather von Zuben, chief executive officer of Blackstone Private Multi-Asset Credit & Income Fund.
The fund, initially known as Blackstone Private Multi-Asset Credit Fund, was registered in August 2024.
According to Blackstone, BMACX will aim to provide individual investors a one-stop, private multi-asset credit solution designed to access strategies across its $453 billion credit platform. BMACX will invest across private corporate credit, asset based and real estate credit, structured credit, and liquid credit.
“BMACX brings the full power of Blackstone’s credit platform to investors in a single fund. This multi-asset approach creates a core portfolio building block to tap into the expanding private credit markets, which we believe can offer enhanced yield with less volatility than traditional fixed income,” said Gilles Dellaert, global head of Blackstone Credit & Insurance.
The company said that BMACX builds on Blackstone’s leadership position of delivering private credit solutions to individual investors, with dedicated vehicles focused on direct lending available since 2018.
“With this innovative product, BMACX further expands our private credit investment solutions tailored for individual investors. Now, alongside our suite of private equity, infrastructure and real estate strategies, Blackstone can be a one stop solution for advisers seeking comprehensive alternative investment opportunities,” said Joan Solotar, global head of Private Wealth Solutions.
Blackstone expects BMACX to be available for purchase in the second quarter of 2025.
Last year, Blackstone fully liquidated a different interval fund, Blackstone Floating Rate Enhanced Income Fund, paying the fund’s final distribution to shareholders of record in June 2024.
