SEC Approves Retail-Friendly Blackstone Private Credit Fund (1)

Blackstone Inc. has won approval from the US Securities and Exchange Commission to launch its newest private credit fund, one of the latest efforts to give individuals access to assets that are mostly backed by institutions.

The Blackstone Private Multi-Asset Credit and Income Fund, or BMACX, should be available for purchase in the second quarter of 2025, according to a press release. It is an interval fund, which only lets investors cash out after set periods. BMACX will be ticker traded — a rarity in private credit — allowing investors to take advantage of repurchase offers on a quarterly basis. ...