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Blackstone Wealth Sales Near $9B as BCRED Outflows Widen to $1.4B
Blackstone executives reported nearly $9 billion of third-quarter private wealth sales and $330 billion in wealth assets under management on the October 22 earnings call, according to AltsWire. Within that business, BCRED recorded $1.4 billion of net outflows, up from $1.2 billion in the preceding quarter.
BCRED requests equaled approximately 10% of NAV against its 5% quarterly repurchase limit, and the fund fulfilled about half of requested amounts. BREIT moved differently: Blackstone reported $1.3 billion raised during the quarter, including DST-program proceeds, and management described its strongest regular-way net flows in four years. These figures concern separate products and distinguish gross fundraising from net flows and redemption fulfillment.
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