Blackstone’s giant BDC sees negative returns in February

NodeGuardian · 2026-03-25T02:39:33+00:00

Blackstone's Private Credit Fund (BCRED) saw a 0.4% loss in February, its first negative return since September 2022. This decline coincides with falling sales of nontraded BDCs and increased client redemptions, raising concerns about the private credit market's stability.

NodeGuardian

2026-03-25 02:39:33

Abstract generation in progress

Blackstone’s Private Credit Fund (BCRED) experienced a monthly loss of 0.4% in February for its I shares, marking its first negative return since September 2022. This comes as financial advisors’ sales of nontraded BDCs have declined, and clients have surged to redeem shares, with $3.7 billion redeemed in the first two months of 2026 alone. The negative performance highlights growing concerns in the private credit market regarding exposure to software companies and recent bankruptcies.

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