FUNDRAISING NEWS | October 29, 2024
Tags: Private Credit
Blackstone made the final close on the inaugural series of its evergreen Senior Direct Lending Fund with approximately $22B in captured capital commitments, bringing the total AUM of its global direct lending platform to over $123B.
The alternative investment firm announced in an October 29 press release that the fund was heavily oversubscribed, significantly exceeding its initial target size of $10B. Under the Blackstone Credit and Insurance (BXCI) platform, the firm said it has more than doubled its total deployed capital in direct lending from 2023, having mobilized $40B in direct lending investments in the third quarter of this year alone.
BXCI said that as of September 30, it manages approximately $432B in assets related to its credit platform and real estate debt businesses with over 4,700 issuers across portfolios.
View the press release here.
Written By: Dakota
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