Blackstone: Private Credit Is Holding Up Better Than Headlines Suggest
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Blackstone executives expressed confidence in the private credit market during their Q1 2026 earnings call, addressing concerns over default risks and high interest rates. Despite $3.7 billion in redemptions from their private credit fund, BCRED, COO Jonathan Gray noted that the market is performing better than negative headlines suggest. CEO Stephen Schwarzman emphasized that private credit does not pose systemic risk and highlighted a 23% year-over-year growth in their investment-grade private credit platform. Blackstone's assets under management increased by 12% to $1.3 trillion, although their stock value has declined by 23% year-to-date.
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