According to an investor letter submitted to the US SEC, Blackstone Private Equity Fund set a redemption limit of 5% after receiving a redemption application for approximately 10% of the shares. The fund's total redemption applications for the third quarter are estimated at $4.3 billion. According to the fund, investors applying for liquidity in the second and third quarters can get 75% of the funds applied for redemption within about 90 days. The letter reads: “The BCRED Fund still has sufficient capital, and loan repayments and new capital inflows have already exceeded the scale of share repurchases.”
Zhitongcaijing · 1d ago
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According to an investor letter submitted to the US SEC, Blackstone Private Equity Fund set a redemption limit of 5% after receiving a redemption application for approximately 10% of the shares. The fund's total redemption applications for the third quarter are estimated at $4.3 billion. According to the fund, investors applying for liquidity in the second and third quarters can get 75% of the funds applied for redemption within about 90 days. The letter reads: “The BCRED Fund still has sufficient capital, and loan repayments and new capital inflows have already exceeded the scale of share repurchases.”
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