Blackstone’s publicly traded private credit fund saw profit drop 94% in Q2 as the value of its holdings declined, despite loan performance stabilizing. The steep earnings contraction flags weaker mark-to-market dynamics in private credit even as underlying loan performance steadied.
Blackstone’s publicly traded private credit fund saw profit drop 94% in Q2 as the value of its holdings declined, despite loan performance stabilizing. The steep earnings contraction flags weaker mark-to-market dynamics in private credit even as underlying loan performance steadied.
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