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Blackstone Brings Private Credit Investing to Rich Europeans

  • Firm launches first perpetual private credit fund in Europe
  • European move follows success of a similar vehicle in the US
Blackstone Group CEO Stephen Schwarzman and CFO Laurence Tosi Attend Opening of Singapore Office
Photographer: Munshi Ahmed

Blackstone Inc. is starting a private credit fund aimed at wealthy European investors, according to people familiar with the matter. The fund, the first of its kind in the region, will be based in Luxembourg, having been approved by the country’s regulators on Friday.

The move is a significant step in bringing the complex and illiquid world of private credit within reach of individual investors, who have previously been shut out of the market. Blackstone and other big asset managers have found success with similar funds in the US, which offer higher yields in exchange for higher risk.