Blackstone Private Credit Fund
Data through 2026-07-30 · latest filing 8-K filed 2026-07-30
Sponsored by Blackstone. BDC structure focused on private credit.
BDCPrivate Credit
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Data through 2026-07-30 · latest filing 8-K filed 2026-07-30
Sponsored by Blackstone. BDC structure focused on private credit.
BDCPrivate Credit
Quarterly report (Form 10-Q) · filed 2026-05-14 · period 2026-03-31
Stockholders equity
“{'end': '2026-03-31', 'val': 45035436000, 'accn': '0001803498-26-000031', 'fy': 2026, 'fp': 'Q1', 'form': '10-Q', 'filed': '2026-05-14', 'frame': 'CY2026Q1I', 'unit': 'USD'}”
Method Direct: structured XBRL tag
Open the filing on SEC.gov · Full observation history
Current report (Form 8-K) · filed 2026-07-23 · period 2026-06-30
Item 8.01
“NAV as of June 30, 2026 Class I Common Shares $ 23.65 Class S Common Shares $ 23.65 Class D Common Shares $ 23.65 ”
Method Matched text template against the filing
Open the filing on SEC.gov · Full observation history
Current findings ordered by severity. Each observation remains traceable to its filed source.
On July 20, 2026, Jonathan Bock resigned from his role as Blackstone Private Credit Fund’s (the “Fund”) Co -Chief Executive Officer. His departure was not the result of any disagreement relating to Blackstone or the Fund’s operations, policies or practices. During his tenure, Mr. Bock made valuable contributions to the Blackstone Credit & Insurance (“BXCI”) perpetual credit funds platform, including the Fund. BXCI thanks Mr. Bock for his dedicated service and wishes him continued success in his future endeavors. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the
Key-person changes at externally managed funds are one of the few governance signals these structures emit. A single departure is usually routine; a pattern (or a departure near other stress signals) is not.
Occurrence event; see the filing text for terms vs the prior arrangement.
Source: https://www.sec.gov/Archives/edgar/data/1803498/000121390026081411/ea029902701_8k-blackstone.htm | Item 5.02
On June 15, 2026, Katherine Rubenstein departed her role as Blackstone Private Credit Fund’s (the “Fund”) Chief Operating Officer to pursue other opportunities. Her departure was not the result of any disagreement relating to Blackstone or the Fund’s operations, policies or practices. Blackstone Credit & Insurance is grateful for Ms. Rubenstein’s contributions to the Fund and wishes her the very best in her next chapter. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be sign
Key-person changes at externally managed funds are one of the few governance signals these structures emit. A single departure is usually routine; a pattern (or a departure near other stress signals) is not.
Occurrence event; see the filing text for terms vs the prior arrangement.
Source: https://www.sec.gov/Archives/edgar/data/1803498/000121390026070098/ea029494301-8k_blackstone.htm | Item 5.02
The fund leaned harder on leverage: 64% -> 66% of its allowed leverage in use in one period (period ended 2026-03-31). (Rule C22: Leverage creep: headroom down >= 5 percentage points in one period; Notify.)
The fund leaned meaningfully harder on its leverage in a single period. Even far from the ceiling, the direction and speed of travel matter; creep compounds quietly.
57.13 -> 51.67 (down 9.6% vs prior period); trailing 4-period average 59.97; same period prior year 59.27; breach persisted 2 consecutive periods (escalated per the two-stage ladder); comparison interval: ~3 months (2025-12-31 -> 2026-03-31; this fund's series is observed at that frequency, so 'month over month' rules compare consecutive observations)
Source: derived: (asset_coverage_ratio 227.5 - leverage_ceiling 150.0) / leverage_ceiling * 100
Net investment income covered only 89% of distributions in the period ended 2026-03-31; the gap was funded from capital or gains. (Rule C21: Distribution coverage: distribution_nii_coverage < 100%; Notify.)
Distributions exceed net investment income. The gap is funded from capital (the investor's own money back) or gains, and a stated yield propped up this way is fragile.
96.77 -> 88.98 (down 8.1% vs prior period); trailing 4-period average 92.35; same period prior year 99.68; breach persisted 5 consecutive periods (escalated per the two-stage ladder); comparison interval: ~3 months (2025-12-31 -> 2026-03-31; this fund's series is observed at that frequency, so 'month over month' rules compare consecutive observations)
Source: derived: net_investment_income / distributions_declared * 100 (annual grain only, see build_notes.md)
Net investment income covered only 97% of distributions in the period ended 2025-12-31; the gap was funded from capital or gains. (Rule C21: Distribution coverage: distribution_nii_coverage < 100%; Notify.)
Distributions exceed net investment income. The gap is funded from capital (the investor's own money back) or gains, and a stated yield propped up this way is fragile.
92.30 -> 96.77 (up 4.8% vs prior period); trailing 4-period average 95.02; same period prior year 102.73; breach persisted 4 consecutive periods (escalated per the two-stage ladder); comparison interval: ~3 months (2025-09-30 -> 2025-12-31; this fund's series is observed at that frequency, so 'month over month' rules compare consecutive observations)
Source: derived: net_investment_income / distributions_declared * 100 (annual grain only, see build_notes.md)
Net investment income covered only 92% of distributions in the period ended 2025-09-30; the gap was funded from capital or gains. (Rule C21: Distribution coverage: distribution_nii_coverage < 100%; Notify.)
Distributions exceed net investment income. The gap is funded from capital (the investor's own money back) or gains, and a stated yield propped up this way is fragile.
91.34 -> 92.30 (up 1.0% vs prior period); trailing 4-period average 96.51; same period prior year 105.76; breach persisted 3 consecutive periods (escalated per the two-stage ladder); comparison interval: ~3 months (2025-06-30 -> 2025-09-30; this fund's series is observed at that frequency, so 'month over month' rules compare consecutive observations)
Source: derived: net_investment_income / distributions_declared * 100 (annual grain only, see build_notes.md)
On August 4, 2025, the Board of Trustees (the “ Board ”) of Blackstone Private Credit Fund (the “ Fund ”) appointed Lucie Enns as the Chief Legal Officer and Secretary of the Fund... (2025-08-04)
Net investment income covered only 91% of distributions in the period ended 2025-06-30; the gap was funded from capital or gains.
The fund leaned harder on leverage: 63% -> 66% of its allowed leverage in use in one period (period ended 2024-12-31).
On May 1, 2024, the Board of Blackstone Private Credit Fund (the “ Fund ”) appointed Lucie Enns as the Chief Securities Counsel of the Fund effective as of the close of business... (2024-05-01)
On February 21, 2024, the Board adopted the Fifth Amended and Restated Declaration of Trust and the Second Amended and Restated Bylaws of the Fund. (2024-02-21)
On August 2, 2023, the Board adopted the Fourth Amended and Restated Declaration of Trust, which amends the Fund’s previously effective declaration of trust to update the Fund’s... (2023-08-02)
On August 2, 2023, the Board of Trustees (the “ Board ”) of Blackstone Private Credit Fund (the “ Fund ”) appointed Oran Ebel as the Chief Legal Officer and Secretary of the Fund... (2023-08-02)
Credit facility new or amended: 8 occurrence(s), 2020-11-02 to 2023-06-09
Redemptions accelerated to $1,161.5M from $661.0M the prior period (period ended 2023-03-31).
On February 23, 2023, the Board of Trustees of the Fund adopted the Third Amended and Restated Declaration of Trust, which amends the Fund’s previously effective charter to... (2023-02-23)
On January 5, 2023, the board of trustees of Blackstone Private Credit Fund (the “ Fund ”) appointed Jonathan Bock to serve as Co-Chief Executive Officer of the Fund, effective as... (2023-01-05)
Redemptions accelerated to $661.0M from $282.1M the prior period (period ended 2022-12-31).
On August 30, 2022, the board of trustees of Blackstone Private Credit Fund (the “ Fund ”) appointed Kevin Kresge as the interim Chief Financial Officer of the Fund, effective as... (2022-08-30)
Fund (the “ Fund ”) and Blackstone Credit BDC Advisors LLC (the “ Adviser ”) entered into an amended and restated investment advisory agreement (the “ Amended and Restated... (2022-08-02)
On August 2, 2022, the board of trustees of the Fund appointed William Renahan as the Chief Compliance Officer of the Fund effective August 3, 2022. (2022-08-02)
Effective as of July 27, 2022, the Fund’s Board has appointed David Goldberg to the position of interim Chief Accounting Officer and interim Treasurer of the Blackstone Private... (2022-07-27)
On May 24, 2022, Blackstone Alternative Credit Advisors LP (“ Blackstone Credit ”) announced that Abby Miller has been appointed as the Chief Accounting Officer and Treasurer of... (2022-05-24)
Effective May 2, 2022, the board of trustees (the “ Board ”) of Blackstone Private Credit Fund (the “ Fund ”) appointed Michelle Greene to the Board and as a member of the Board’s... (2022-05-04)
On February 23, 2022, the Board of Trustees (the “ Board ”) of the Fund adopted the Second Amended and Restated Declaration of Trust (the “ Second Amended and Restated Declaration... (2022-02-23)
On February 4, 2022, the Board of Trustees of Blackstone Private Credit Fund (the “ Fund ”) appointed David Goldberg to the position of interim Chief Accounting Officer and... (2022-02-04)
On June 28, 2021, the Fund’s bylaws were amended and restated (the “Amended and Restated Bylaws”) to remove the requirement that committees of the Fund’s Board of Trustees shall... (2021-06-28)
On December 7, 2020, the Registrant’s bylaws were amended and restated (the “Amended and Restated Bylaws”) to modify notice requirements for shareholder meetings in order to... (2020-12-07)
Effective November 5, 2020, the board of trustees (the “ Board ”) of the Fund appointed James F. (2020-11-06)
Net asset value, total return, capital flows, and distribution coverage across the filing record.
No directly filed return covers the derived window shown below.
| Window | Class | Basis | Return | Method & constituents |
|---|---|---|---|---|
| 2025-07-01 to 2026-06-30 | Class I | at NAV | +3.82% | computed from filed NAVs + distributionsCalculation & filed sources |
| 2025-07-01 to 2026-06-30 | Class I | manager-reported net return | +3.75% | chained from manager-reported monthly returnsCalculation & filed sources |
| 2023-07-01 to 2026-06-30 | Class I | at NAV | +29.27% | computed from filed NAVs + distributionsCalculation & filed sources |
| 2021-07-01 to 2026-06-30 | Class I | at NAV | +49.31% | computed from filed NAVs + distributionsCalculation & filed sources |
| 2025-06-01 to 2026-05-31 | Class I | manager-reported net return | +4.90% | chained from manager-reported monthly returnsCalculation & filed sources |
Manager-reported; not from SEC filings. These exact-window values appear only where no SEC-filed or SEC-derived observation covers the same fund, canonical class, and window.
| Window | Class | Return | Manager source |
|---|---|---|---|
| Jun 1–Jun 30, 2026 | Class I | -0.40% | Blackstone Credit sourceCitation and archived evidence |
| May 1–May 31, 2026 | Class I | +0.40% | Blackstone Credit sourceCitation and archived evidence |
| Apr 1–Apr 30, 2026 | Class I | +0.30% | Blackstone Credit sourceCitation and archived evidence |
| Mar 1–Mar 31, 2026 | Class I | +0.00% | Blackstone Credit sourceCitation and archived evidence |
| Feb 1–Feb 28, 2026 | Class I | -0.40% | Blackstone Credit sourceCitation and archived evidence |
| Jan 1–Jan 31, 2026 | Class I | +0.30% | Blackstone Credit sourceCitation and archived evidence |
| Dec 1–Dec 31, 2025 | Class I | +0.50% | Blackstone Credit sourceCitation and archived evidence |
| Nov 1–Nov 30, 2025 | Class I | +0.50% | Blackstone Credit sourceCitation and archived evidence |
| Oct 1–Oct 31, 2025 | Class I | +0.70% | Blackstone Credit sourceCitation and archived evidence |
| Sep 1–Sep 30, 2025 | Class I | +0.40% | Blackstone Credit sourceCitation and archived evidence |
| Aug 1–Aug 31, 2025 | Class I | +0.60% | Blackstone Credit sourceCitation and archived evidence |
| Jul 1–Jul 31, 2025 | Class I | +0.80% | Blackstone Credit sourceCitation and archived evidence |
| Jun 1–Jun 30, 2025 | Class I | +0.70% | Blackstone Credit sourceCitation and archived evidence |
| May 1–May 31, 2025 | Class I | +0.90% | Blackstone Credit sourceCitation and archived evidence |
| Apr 1–Apr 30, 2025 | Class I | +0.60% | Blackstone Credit sourceCitation and archived evidence |
| Mar 1–Mar 31, 2025 | Class I | +0.40% | Blackstone Credit sourceCitation and archived evidence |
| Feb 1–Feb 28, 2025 | Class I | +0.60% | Blackstone Credit sourceCitation and archived evidence |
| Jan 1–Jan 31, 2025 | Class I | +0.90% | Blackstone Credit sourceCitation and archived evidence |
| Dec 1–Dec 31, 2024 | Class I | +0.70% | Blackstone Credit sourceCitation and archived evidence |
| Nov 1–Nov 30, 2024 | Class I | +0.60% | Blackstone Credit sourceCitation and archived evidence |
| Oct 1–Oct 31, 2024 | Class I | +0.90% | Blackstone Credit sourceCitation and archived evidence |
| Sep 1–Sep 30, 2024 | Class I | +0.70% | Blackstone Credit sourceCitation and archived evidence |
| Aug 1–Aug 31, 2024 | Class I | +0.70% | Blackstone Credit sourceCitation and archived evidence |
| Jul 1–Jul 31, 2024 | Class I | +0.90% | Blackstone Credit sourceCitation and archived evidence |
Canonical class: Class I · basis: manager-stated monthly total return · qualifying history: 66 months through 2026-06-30.
Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.
| Date | Position change |
|---|---|
| 2026-03-31 | AGI-CFI Holdings, Inc. 1 (1.9% of portfolio value in the 2025-12-31 report, $1,599,403,000) is absent from the 2026-03-31 report -- realized, sold, or restructured under a different name. |
| 2026-03-31 | BlackRock Select Treasury Based Liquidity Fund (2.2% of portfolio value in the 2025-12-31 report, $1,791,813,000) is absent from the 2026-03-31 report -- realized, sold, or restructured under a different name. |
| 2026-03-31 | Castle Management Borrower, LLC (9.8% of portfolio value in the 2025-12-31 report, $8,030,306,000) is absent from the 2026-03-31 report -- realized, sold, or restructured under a different name. |
| 2026-03-31 | eResearchTechnology, Inc. 1 (1.0% of portfolio value in the 2025-12-31 report, $825,410,000) is absent from the 2026-03-31 report -- realized, sold, or restructured under a different name. |
| 2026-03-31 | Mantech International, CP (1.1% of portfolio value in the 2025-12-31 report, $885,575,000) is absent from the 2026-03-31 report -- realized, sold, or restructured under a different name. |
| 2026-03-31 | Zendesk, Inc. (1.3% of portfolio value in the 2025-12-31 report, $1,061,196,000) is absent from the 2026-03-31 report -- realized, sold, or restructured under a different name. |
| 2026-03-31 | New position Castle Management Borrower, LLC 1: 10.2% of portfolio value ($8,174,133,000) as of 2026-03-31; absent from the 2025-12-31 report. |
| 2026-03-31 | New position Dreyfus Government Cash Management - Institutional Shares: 1.4% of portfolio value ($1,106,086,000) as of 2026-03-31; absent from the 2025-12-31 report. |
| 2026-03-31 | New position Dropbox, Inc. 1: 1.4% of portfolio value ($1,149,725,000) as of 2026-03-31; absent from the 2025-12-31 report. |
| 2026-03-31 | New position Mantech International, CP 1: 1.1% of portfolio value ($883,733,000) as of 2026-03-31; absent from the 2025-12-31 report. |
| 2026-03-31 | New position Zendesk, Inc. 1: 1.3% of portfolio value ($1,058,572,000) as of 2026-03-31; absent from the 2025-12-31 report. |
| 2025-12-31 | 123Dentist, Inc., Delayed Draw Term Loan (2.8% of portfolio value in the 2025-09-30 report, $2,162,003,000) is absent from the 2025-12-31 report -- realized, sold, or restructured under a different name. |
Stated cap: 5% of shares/quarter. The disclosed history shows no rationed period.
| Period | Requested | Filled | Cap used | Status |
|---|---|---|---|---|
| 2026-03-02 | 7.0% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2026-05-01 · period 2026-03-02 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 139% | cap expanded |
| 2025-12-02 | 4.5% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2026-02-02 · period 2025-12-02 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 91% | filled |
| 2025-08-29 | 1.8% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2025-11-03 · period 2025-08-29 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 36% | filled |
| 2025-05-30 | 2.6% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2025-08-04 · period 2025-05-30 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 53% | filled |
| 2025-03-03 | 1.5% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2025-05-02 · period 2025-03-03 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 30% | filled |
| 2024-12-02 | 1.5% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2025-02-03 · period 2024-12-02 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 29% | filled |
| 2024-08-30 | 1.6% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2024-11-01 · period 2024-08-30 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 32% | filled |
| 2024-05-31 | 1.5% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2024-08-02 · period 2024-05-31 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 30% | filled |
| 2024-02-29 | 1.9% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2024-05-03 · period 2024-02-29 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 39% | filled |
| 2023-11-30 | 2.0% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2024-02-01 · period 2023-11-30 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 40% | filled |
| 2023-08-31 | 2.0% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2023-11-02 · period 2023-08-31 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 41% | filled |
| 2023-05-31 | 5.2% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2023-08-04 · period 2023-05-31 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 104% | cap expanded |
| 2023-02-28 | 3.9% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2023-05-03 · period 2023-02-28 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 78% | filled |
| 2022-11-30 | 5.2% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2023-01-31 · period 2022-11-30 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 104% | cap expanded |
| 2022-08-31 | 3.2% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2022-11-01 · period 2022-08-31 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 64% | filled |
| 2022-05-31 | 1.7% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2022-08-01 · period 2022-05-31 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 33% | filled |
| 2022-02-28 | 0.4% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2022-04-29 · period 2022-02-28 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 9% | filled |
| 2021-11-30 | 0.1% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2022-02-10 · period 2021-11-30 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 3% | filled |
| 2021-08-31 | 0.06% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2022-02-10 · period 2021-08-31 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 1% | filled |
| 2021-05-28 | 0.06% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2022-02-10 · period 2021-05-28 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 1% | filled |
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
Pending
A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.
Class D 1.3%Class I 72.2%Class S 32.2%
| Class | Terms-based role description | Load | Servicing | Minimum | Assets |
|---|---|---|---|---|---|
| Class D | Servicing-fee class for brokerage or platform distribution. | 0.00% | 25 bps | $2,500 | $597,228,0002025-12-31 |
| Class I | No-load, high-minimum class; terms indicate advisory or large-account access. | 0.00% | 0 bps | $1,000,000 | $32,516,796,0002025-12-31 |
| Class S | Servicing-fee class for brokerage or platform distribution. | 0.00% | 85 bps | $2,500 | $14,498,062,0002025-12-31 |
Management fee: 1.25% of net assets per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001193125-26-285460.
We pay the Adviser a management fee at an annual rate of 1.25% of the value of the Company's net assets as of the beginning of the first calendar day of the applicable month (net assets = total assets less liabilities, consolidated basis, GAAP). We also pay the Adviser a two-part incentive fee.
| Class | Management | Incentive | Load | Servicing | Gross expenses | Net expenses |
|---|---|---|---|---|---|---|
| Class I | 1.25% | 12.5% of income, 5% hurdle; 12.5% of gains
*
incentive fee: 12.50% of Pre-Incentive Fee Net Investment Income Returns; 5.0% annualized hurdle; catch-up applies. SEC source 0001193125-26-198119 incentive fee: 12.50% of cumulative realized capital gains net of losses and unrealized depreciation; No separate percentage hurdle disclosed for the capital-gains leg. SEC source 0001193125-26-198119 |
0.00% | 0 bps | Pending | 7.00%filed basis*Filed label: Ratio of net expenses to average net assets (5); period 2025-12-31. After waiver: yes; interest: not separately stated; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001803498-26-000014 |
| Fee component | Rate | Basis / class | Condition |
|---|---|---|---|
| Performance · incentive fee | 12.50% | Pre-Incentive Fee Net Investment Income Returns | 5.0% annualized hurdle; catch-up applies.* |
| Performance · incentive fee | 12.50% | cumulative realized capital gains net of losses and unrealized depreciation | No separate percentage hurdle disclosed for the capital-gains leg. |
Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.
Filed terms and recent documents remain available without crowding the primary research flow.
| Term | Description | Value | Effective |
|---|---|---|---|
| advisory_fee_schedule | We pay the Adviser a management fee at an annual rate of 1.25% of the value of the Company's net assets as of the beginning of the first calendar day of the applicable month (net assets = total assets less liabilities, consolidated basis, GAAP). We also pay the Adviser a two-part incentive fee. | 1.25 pct_annual_of_net_assets | Pending |
| repurchase_program_terms | Discretionary quarterly tender offer program: the Fund's Schedule TO offers have consistently stated up to 5% of Shares outstanding per quarter (most recently confirmed 2026-05-29). Blackstone Private Credit Fund (BCRED) -- STANDARD stated cap; at least one 2026 quarter the board elected to repurchase above this level to fill all requests (see that quarter's extracted tender results), which the oversubscription flag should surface rather than this term silently tracking upward. | 5.0 pct_of_shares_outstanding_per_quarter | Pending |
| Filed | Form | Accession |
|---|---|---|
| 2026-07-30 | 8-K | 0001803498-26-000043 |
| 2026-07-24 | 8-K | 0001213900-26-081411 |
| 2026-07-23 | 8-K | 0001803498-26-000039 |
| 2026-06-26 | DEF 14A | 0001193125-26-285460 |
| 2026-06-23 | 8-K | 0001803498-26-000036 |
| 2026-06-18 | 8-K | 0001213900-26-070098 |
| 2026-06-04 | SC TO-I/A | 0001213900-26-065024 |
| 2026-05-21 | 8-K | 0001803498-26-000033 |
| 2026-05-14 | 10-Q | 0001803498-26-000031 |
| 2026-05-01 | SC TO-I | 0001193125-26-199360 |
| 2026-05-01 | SC TO-I/A | 0001213900-26-050688 |
| 2026-05-01 | N-2 | 0001193125-26-198119 |
| 2026-04-29 | 8-K | 0001803498-26-000026 |
| 2026-04-27 | 8-K | 0001193125-26-182132 |
| 2026-04-21 | 8-K | 0001803498-26-000021 |