Latest news with #BlackstoneCredit&Insurance
Business Wire
a day ago
- Business
- Business Wire
Blackstone Credit & Insurance Closed-End Funds Declare Monthly Distributions
NEW YORK--(BUSINESS WIRE)--Blackstone Liquid Credit Strategies LLC, an affiliate of Blackstone Alternative Credit Advisors LP (collectively, and together with their affiliates in the credit-focused business of Blackstone, Inc., 'Blackstone Credit & Insurance'), announced monthly distributions for the three listed closed-end funds it advises, Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL), Blackstone Long-Short Credit Income Fund (NYSE: BGX), and Blackstone Strategic Credit 2027 Term Fund (NYSE: BGB) (each a 'Fund' and together the 'Funds'). The Funds' monthly distributions are set forth below. The following dates apply to the distribution declarations for the Funds: Ex-Date: June 23, 2025 July 24, 2025 Record Date: June 23, 2025 July 24, 2025 August 22, 2025 Payable Date: June 30, 2025 July 31, 2025 August 29, 2025 Expand The Funds declare a set of monthly distributions each quarter in amounts closely tied to the respective Fund's recent average monthly net income. As a result, the monthly distribution amounts for the Funds typically vary quarter-to-quarter, and shareholders of any Fund should not expect that Fund to continue to pay distributions in the same amounts shown above. The dynamic distribution strategy provides Blackstone Credit & Insurance with greater flexibility to maintain portfolio credit quality in varying market conditions. In addition, the dynamic distribution strategy reduces the need to retain reserves from net investment income to support the stability of future distributions. A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain, or return of capital. The final determination of the source and tax characteristics of these distributions will depend upon each Fund's investment experience during its fiscal year and will be made after the Fund's year end. Each Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes. Blackstone and Blackstone Credit & Insurance Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's more than $1.1 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, real assets, secondaries and hedge funds. Further information is available at Follow @blackstone on LinkedIn, X (Twitter), and Instagram. Blackstone Credit & Insurance ('BXCI') is one of the world's leading credit investors. Our investments span the credit markets, including private investment grade, asset-based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.
Business Wire
01-05-2025
- Business
- Business Wire
Blackstone Launches BMACX – Blackstone Private Multi-Asset Credit and Income Fund
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced the launch of Blackstone Private Multi-Asset Credit and Income Fund (BMACX), the firm's first private multi-asset credit interval fund (the 'Fund'). Investors can now access BMACX through select registered investment advisers. BMACX aims to provide individual investors with a one-stop, private multi-asset credit solution designed to access strategies across Blackstone's leading $465 billion credit platform. The Fund offers ticker execution with daily subscriptions, quarterly liquidity, and low investment minimums with capital invested immediately. 'We believe BMACX can be a powerful core portfolio building block to tap the expanding credit markets,' said Heather von Zuben, Chief Executive Officer of BMACX. 'It brings the full breadth of Blackstone's credit platform to individuals in what we see as an investor friendly structure.' 'We will aim to deliver high quality, diversified income with lower volatility than traditional fixed income products by investing across a diverse range of compelling credit assets,' said Dan Oneglia, Chief Investment Officer of BMACX. 'We believe this multi-strategy approach positions investors to take advantage of attractive relative value, particularly in dynamic market environments.' BMACX will invest across a diverse range of credit assets, including private corporate credit, asset based and real estate credit, structured credit, and liquid credit, seeking to deliver attractive and stable income through a monthly distribution while managing risk. BMACX builds on Blackstone's leadership position delivering private credit solutions to individual investors, with dedicated vehicles focused on direct lending available since 2018. Blackstone announced that BMACX was declared effective by the U.S. Securities and Exchange Commission in March. More information is available at About Blackstone Credit & Insurance Blackstone Credit & Insurance ('BXCI') is one of the world's leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit. About Blackstone Private Wealth Blackstone Private Wealth was established to answer the growing demand for Blackstone products from high-net worth investors. Partnering with many of the world's largest private banks and wealth management firms as well as family offices, Blackstone's Private Wealth team packages and delivers the full breadth of Blackstone's alternative product capability to these firms and their clients and provides ongoing product and advisor support, as well as education and training around alternatives. Forward-Looking Statements Certain information contained in this communication constitutes 'forward looking statements' within the meaning of the federal securities laws. These forward-looking statements can be identified by the use of forward-looking terminology, such as 'outlook,' 'indicator,' 'believes,' 'expects,' 'potential,' 'continues,' 'may,' 'can,' 'will,' 'could,' 'should,' 'seeks,' 'approximately,' 'predicts,' 'intends,' 'plans,' 'estimates,' 'anticipates', 'confident,' 'conviction,' 'identified' or the negative versions of these words or other comparable words thereof. These may include financial estimates and their underlying assumptions, statements about plans, objectives and expectations with respect to future operations, statements regarding future performance, statements regarding economic and market trends and statements regarding identified but not yet closed investments. Such forward-looking statements are inherently subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in such statements. BMACX believes these factors also include but are not limited to those described under the section entitled 'Risk Factors' in its prospectus, and any such updated factors included in its periodic filings with the Securities and Exchange Commission (the 'SEC'), which are accessible on the SEC's website at These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document (or BMACX's prospectus and other filings). Except as otherwise required by federal securities laws, BMACX undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise. This press release must be read in conjunction with the BMACX prospectus in order to fully understand all the implications and risks of an investment in BMACX. This press release is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the prospectus, which should be read carefully before investing and is available at Before investing you should carefully consider BMACX's investment objectives, risks, charges and expenses. This and other information is in BMACX's prospectus. An investment in the Fund involves a high degree of risk. There is no assurance that the Fund will achieve its investment objectives. An investment in the Fund is suitable only for investors who can bear the risks associated with limited liquidity. Shares of the Fund are not listed on any securities exchange and the Fund does not expect any secondary market will develop for the shares. The Fund intends to utilize leverage and may utilize leverage to the maximum extent permitted by law for investment and other general corporate purposes, which will magnify the potential for loss on amounts invested in the Fund. Please see the prospectus for details of these and other risks. The Fund is distributed by Blackstone Securities Partners L.P. BMACX is a newly formed investment company with no operating or performance history that shareholders can use to evaluate the Fund.
