Blackstone shares are down 39% year-to-date, as two of its funds , Blackstone Real Estate Income Trust (BREIT) and Blackstone Private Credit Fund (BCRED), enforced redemption limits given challenging macro conditions.
With both BREIT and BCRED redemptions capped, we can only envision investment advisors and portfolio managers have become increasingly concerned about whether they can pull money out of the non-tradeable funds. Increased panic by investors to withdraw could weigh on the performance of both funds and or spark liquidity issues.
“Redemption limits, rising rates and softening performance are likely to give investors and advisors pause going forward,” Barclays told clients […]
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