Blackstone's flagship private credit fund BCRED experienced its first monthly loss in over three years.

Blackstone’s flagship private credit fund, BCRED, experienced its first monthly loss in over three years, with a decline of 0.4% in February.
The fund’s February loss reflects the widening of spreads in both public and private markets, as well as unrealized valuation adjustments for individual projects, including Medallia.
A company spokesperson stated that BCRED continues to deliver strong returns for investors, with an annualized total return of 9.5% for its Class I shares since inception.

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