---
schema_version: "secwatch.filing_event.v1"
accession: "0001803498-26-000021"
form_type: "8-K"
ticker: null
cik: "0001803498"
company_name: "Blackstone Private Credit Fund"
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:08:57.189080+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BCRED Q1 2026 NAV $24.19; non-accruals 2.4%; 9.4% annualized return

## Summary
- Unregistered sale of 4,280,725 Class I shares for $103.6M finalized April 20, 2026.
- April distributions: Class I $0.2000 net, Class S $0.1829, Class D $0.1950; payable May 28.
- Q1 NAV $24.19/share for all classes; aggregate NAV $45B; debt $35.3B; leverage 0.76x.
- Portfolio $80.5B fair value; 97% senior secured; non-accruals at cost 2.4%, at fair value 1.4% (Medallia & Affordable Care).
- Q1 total return flat; outperformed leveraged loans by 52bps; annualized return since inception 9.4% (Class I).

## SEC filing metadata
- accession: 0001803498-26-000021
- form_type: 8-K
- cik: 0001803498
- company_name: Blackstone Private Credit Fund
- filed_at: 2026-04-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803498/000180349826000021/0001803498-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803498/000180349826000021/bcred-20260420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001803498-26-000021
- JSON: https://secwatch.observer/filing/0001803498-26-000021.json
- Plain text: https://secwatch.observer/filing/0001803498-26-000021.txt

## Key facts
- Equity Issuances
  Blackstone Private Credit Fund issued 4,280,725 of common stock to accredited investors for $103,550,747.
  - Security: common stock
  - Shares: 4,280,725
  - Purchaser: accredited investors
  - Consideration: $103,550,747
  source text: details the shares sold: Date of Unregistered Sale Amount of Class I Common Shares Consideration As of April 1, 2026 (number of shares finalized on April 20, 2026) 4,280,725 $ 103,550,747
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803498/000180349826000021/0001803498-26-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.