other_material
confidence high
sentiment positive
materiality 0.60
BCRED reports 2.3% Q2 total net return; deploys $4B+ in private credit
Blackstone Private Credit Fund
- Q2 total net return 2.3% (Class D); YTD 4.3%, outperforming leveraged loans, high yield, and investment grade bonds.
- Deployed over $4B in Q2, including $1.5B add-on financing for Baker Tilly and $500M for Accuity Delivery Systems.
- Portfolio: 92% private, 97% senior secured, 43% LTV, 0.4% non-accruals at cost; average issuer EBITDA $251M.
- New private debt investments: 91% first lien, avg LTV 34%, weighted avg yield 9.3%.
- Available liquidity over $10B; leverage ratio 0.68x.
item 7.01