Blackstone Explores Private Credit Secondaries Strategy

Blackstone Inc. is exploring further inroads into the booming private credit-secondaries market, people with knowledge of the matter said.

The alternative investing giant is considering a stand-alone pool of capital to buy second-hand private credit funds, said the people, who weren’t authorized to speak publicly as the matter is private. That would be a departure from the current approach where it invests through its flagship private equity funds.