BX · 10-Q · 2026Q3 · Full report

Investment-Grade Private Credit Demand

Blackstone Inc. · 2026-11-06 · Importance 26 · Surprise 24

Blackstone said its investment-grade private-credit platform grew substantially year over year in the third quarter of 2026, supported by strong engagement with insurance clients. It cited compelling investment-grade deployment opportunities in digital, energy and transportation infrastructure, as well as increasing company demand for bespoke private-market capital solutions. Blackstone expects potential engagement with pensions, sovereign-wealth funds and other institutional investors to support momentum in these strategies. Its non-investment-grade private-credit strategies generated healthy returns, with stable underlying credit performance across most holdings, partly offset by markdowns in select underperforming credits.

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