Blackstone Private Credit Fund

CIK 0001803498Blackstone

Blackstone Private Credit Fund is a non-traded business development company advised by Blackstone. With $86.0 billion in total assets, it is the largest BDC in the 69-fund coverage universe by total assets. The portfolio is concentrated in direct lending, with 96% in first-lien senior secured loans and 100% floating-rate, at a weighted-average spread of 494 bps over the base rate. Its largest sector exposure is Industrials (28% of holdings).

NAV/Share

$24.79

AUM

$86.0B

Positions

2,001

Strategy

Private Credit

Wtd. Avg. Coupon

8.5%

Wtd. Avg. Spread

5 bps

Wtd. Avg. Maturity

4.3 yrs

94% coverage

Top 10 Concentration

13.1%

Instrument type

Share of portfolio fair value

First Lien

89%

of fair value

First Lien Senior Loans89.5%

Second Lien Loans3.6%

Unsecured Loans0.2%

Structured Credit0.6%

Equity3.3%

Fund Vehicles2.0%

Cash & Equivalents0.8%

Industry exposure

Share of holdings fair value

Top 5

88%

of holdings

Industrials27.6%

Information Technology22.4%

Financials15.4%

Health Care12.8%

Consumer Discretionary3.5%

Other2.4%

Energy1.8%

Communication Services1.3%

Real Estate1.1%

Materials0.9%

Utilities0.5%

Consumer Staples0.1%

Unknown10.2%

Unknown sector positions lack GICS classification in the source filing or could not be reconciled.

Maturity profile

Share of debt fair value by years to maturity.

Risk & Credit Indicators

PIK in Terms

13.0%