Blackstone's BCRED Repacks Private Credit Loans into New CLO
Blackstone's $83 billion BCRED fund, identified as the world's largest private credit fund, is repacking its private credit loans into a new Collateralized Loan Obligation (CLO) to attract new investors.
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Blackstone’s $83 Billion BCRED Is Selling New Private Credit CLO - Bloomberg.com
Blackstone’s $83 Billion BCRED Is Selling New Private Credit CLO Bloomberg.com
Read full article →Out Of The BDC, Into The CLO: World's Largest Private Credit Fund Repacking Loans As Bonds Hoping To Find New Investors
Out Of The BDC, Into The CLO: World's Largest Private Credit Fund Repacking Loans As Bonds Hoping To Find New Investors When a motley crew of private credit loans (mostly to software companies) are all mixed in and thrown together into a messy melange known as a Business Development Company, then quietly all go sour and spark a redemption run, what's the frazzled investor to do? Why take them out of the melange, put them into a different wrapper, changing nothing except the name...
By Tyler Durden
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