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The fund capped client redemptions at 5%, an about face from Blackstone’s decision to pay out all requests earlier this year.

Investors in Blackstone’s flagship private-credit fund, known as Bcred, asked to redeem 10% of their shares in the second quarter, up from about 8% in the first quarter. Blackstone will limit redemptions from the $79 billion fund to 5%, reversing an earlier decision to pay the full amount requested. Blackstone shares are up about 1% premarket.

Private-credit woes are back in focus after a pair of l funds limited redemptions in the second quarter

Blackstone-backed Liftoff Mobile said on Wednesday it has raised $437 million in its U.S. initial public offering, as ‌a busy summer for listings gathers pace and encourages ‌more companies to test investor appetite. The Redwood City, California-based company sold 19 million shares ​and priced its offering at $23 per share, above targeted range of $20 to $22 apiece. The IPO valued it at $3.83 billion, according to outstanding shares disclosed in its IPO prospectus.

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Moody's Ratings has changed its outlook to negative on a Blackstone private-credit fund and a fund managed by Golub. The credit-rating firm made the change in outlook because of rising defaults in the private corporate loans made by the funds, which are known as business development companies, or BDCs. The ratio of defaulted loans in Blackstone Secured Lending Fund jumped to 4.7% from 0.6% last quarter, while Golub Capital BDC's ratio nearly doubled to 2.3% from 1.3%.

The New York-based alternative asset manager raised more than the $10 billion target for the Blackstone Capital Partners Asia III fund.

A logjam of unsold assets has buyout firms eager to list, but mixed debuts and erratic markets keep windows for new issues narrow.

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Stocks are hovering near highs to close out the week. Crude oil is dipping, while gold and silver are mixed. The dollar and Treasuries are flatlining.

Apollo Global Management and Blackstone are working to bring in additional investors ‌for about $36 billion debt financing tied to AI ‌startup Anthropic PBC's efforts to expand its AI infrastructure, Bloomberg ​News reported on Thursday. The debt would be used to buy custom chips from Google. Broadcom, which helps Google develop the chips, is backstopping ⁠payments on the largest portions of the transaction, the report added.

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Consumer and renewable energy advocates say the stock transaction gave Blackstone an early stake in TXNM Energy before regulators could negotiate acquisition-related conditions or customer protections. The companies deny wrongdoing.

Google and Blackstone have formed a joint venture to offer AI data center capacity, networking and computer hardware as a “compute-as-a-service product,” the asset manager said. The tie-up opens a new avenue in the rush of private equity into AI infrastructure, moving it beyond data centers and into the business of financing compute itself. Blackstone is making an initial $5 billion equity commitment, with the first 500 megawatts of capacity expected online in 2027, the firm said in a statement.

The new company gives enterprises a second route to Google's TPUs, with 500 megawatts targeted for 2027

Blackstone Inc (NYSE:BX) and Alphabet's Google have announced a joint venture aimed at developing a new US-based company that will provide dedicated cloud infrastructure centered on Google’s Tensor Processing Units (TPUs). The planned company will offer data center capacity, operations,...

All three major US stock indexes were down in late-morning trading Tuesday, as the 30-year Treasury

The new U.S.-based company will sell access to Google's Tensor Processing Unit chips as a compute-as-a-service offering, with 500 MW of capacity targeted for 2027

The duo plans to launch the unnamed U.S. company with $5 billion in equity capital from Blackstone, which will be the majority owner.

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Shares of Blackstone's newly minted investment vehicle opened flat in their market debut on Thursday, ‌after the company raised $1.75 billion in its U.S. initial public offering ‌with plans to buy data center assets. New York-based Blackstone Digital Infrastructure Trust's stock opened at $20 ​per share, the same price at which it had sold 87.5 million shares in its IPO. Artificial intelligence-linked companies have taken center stage in the U.S. IPO market this week with three billion-dollar offerings, including chipmaker Cerebras and Fervo ‌Energy.

BXDC starts trading on May 14.

Glinting investment opportunities abound, private-equity firms say—but the industry also faces an exit bottleneck of over $3 trillion.

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