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Blackstone BDC Cuts Net Asset Value Most in 6 Years on Markdowns

1 source ·1 article ·Aug 6, 10:54 UTC Belden Blackstone

Blackstone Inc.’s publicly traded private credit fund reduced its net asset value by the most in six years during the second quarter, a move that it said was driven more by markdowns across its portfolio than a pickup in non-paying loans.

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Bloomberg Markets ·Aug 6, 10:54 UTC

Blackstone BDC Cuts Net Asset Value Most in 6 Years on Markdowns

Blackstone Inc.’s publicly traded private credit fund reduced its net asset value by the most in six years during the second quarter, a move that it said was driven more by markdowns across its portfolio than a pickup in non-paying loans.