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Blackstone BDC Profit Drops 94% While Loan Performance Steadies

Credit & Bond MarketsBanking & LiquidityCompany FundamentalsCorporate Earnings

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.

Analysis

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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