Blackstone Private Real Estate Credit & Income Fund

CIK 0002049733Blackstone

Blackstone Private Real Estate Credit & Income Fund is a non-traded business development company advised by Blackstone. With $1.6 billion in total assets, it is one of the smaller funds in the coverage universe. The portfolio is concentrated in direct lending, with 99% in first-lien senior secured loans and 76% floating-rate, at a weighted-average spread of 307 bps over the base rate. Its largest sector exposure is Real Estate (20% of holdings).

NAV/Share

$26.07

AUM

$1.6B

Positions

107

Strategy

Private Credit

Wtd. Avg. Coupon

6.8%

Wtd. Avg. Spread

3 bps

Wtd. Avg. Maturity

5.7 yrs

95% coverage

Top 10 Concentration

59.2%

Instrument type

Share of portfolio fair value

First Lien

99%

of fair value

First Lien Senior Loans99.2%

Unsecured Loans0.8%

Industry exposure

Share of holdings fair value

Top 5

100%

of holdings

Real Estate20.4%

Financials10.3%

Unknown69.3%

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.