Edward Dowd: Blackstone faces continued 10 percent private credit redemptions capped at 5 percent

Edward Dowd: Blackstone faces continued 10 percent private credit redemptions capped at 5 percent
Blackstone faces 10 percent credit redemptions

Edward Dowd, founding partner at OceanSquare Asset Mgmt and ex-BlackRock executive, highlights ongoing redemption activity in Blackstone's private credit offerings. According to Dowd, Blackstone is experiencing continued redemptions at a rate of 10 percent, but these remain capped at 5 percent.

Dowd has previously commented on governance issues in the private credit sector. He recently noted that three private credit CEOs exited the Goldman Sachs PC Fund in just eight weeks. In a separate discussion, he cited the federal investigation and a margin call involving Guggenheim CEO Mark Walter.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.