Blackstone has announced the launch of its Private Multi-Asset Credit and Income Fund, marking its first private multi-asset credit interval fund.
The fund, known as ‘BMACX’, offers ticker execution with daily subscriptions, quarterly liquidity and low investment minimums with capital invested immediately, Blackstone said, and is available to individual investors via select registered investment advisers.
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The fund will invest across a range of credit assets, including private corporate credit, asset based and real estate credit, structured credit, and liquid credit, providing income via monthly distribution.
“We believe BMACX can be a powerful core portfolio building block to tap the expanding credit markets,” said Heather von Zuben, chief executive officer of BMACX. “It brings the full breadth of Blackstone’s credit platform to individuals in what we see as an investor friendly structure.”
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“We will aim to deliver high quality, diversified income with lower volatility than traditional fixed income products by investing across a diverse range of compelling credit assets,” said Dan Oneglia, chief investment officer of BMACX.
“We believe this multi-strategy approach positions investors to take advantage of attractive relative value, particularly in dynamic market environments.”
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