—
Blackstone’s Gray: Market ‘noise’ fueled record redemptions from world’s largest private credit fund
Blackstone's private credit fund (BCRED), the world's largest of its kind, experienced record redemptions according to Blackstone President Jonathan Gray, who attributed the withdrawals to market 'noise' rather than fundamental concerns about the fund's performance. The surge in redemptions highlights growing investor anxiety amid broader market volatility. Gray's comments suggest Blackstone views the outflows as temporary and sentiment-driven rather than indicative of structural issues within t