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businessJun 5, 202619:47pending

BREAKING: $79 Billion Fund Just Froze Investor Withdrawals

About this episode

Blackstone’s flagship private credit fund just did something it had never done before. Investors tried to pull out about 10% of the fund’s shares. Blackstone finally and for the first time ever said, NO. The $79 billion Blackstone Private Credit Fund, known as B-CRED, told shareholders it would only allow 5% of shares to be redeemed. And this is where the story gets uncomfortable.

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Blackstone’s BCRED Caps Redemptions After Investors Seek 10%
https://www.bloomberg.com/news/articles/2026-06-04/blackstone-bcred-joins-private-credit-funds-limiting-redemptions

Ares’ Jacobson Slams ‘Disconnect’ Over Private Credit Headlines
https://www.bloomberg.com/news/articles/2026-06-04/ares-jacobson-slams-disconnect-over-private-credit-headlines

Private Credit’s Reckoning Is Written in the ‘Laws of Physics’
https://www.bloomberg.com/news/articles/2026-06-03/private-credit-s-reckoning-is-written-in-the-laws-of-physics

Ares Owed $547 Million After Collapse of Textor’s Eagle Football
https://www.bloomberg.com/news/articles/2026-06-03/ares-owed-547-million-after-collapse-of-textor-s-eagle-football

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BREAKING: $79 Billion Fund Just Froze Investor Withdrawals

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