Blackstone Private Credit Fund

Net investment income covered only 91% of distributions in the period ended 2025-06-30; the gap was funded from capital or gains.
Net investment income covered only 91% of distributions in the period ended 2025-06-30; the gap was funded from capital or gains. (Rule C21: Distribution coverage: distribution_nii_coverage < 100%; Notify.)

The fund leaned harder on leverage: 63% -> 66% of its allowed leverage in use in one period (period ended 2024-12-31).
The fund leaned harder on leverage: 63% -> 66% of its allowed leverage in use in one period (period ended 2024-12-31). (Rule C22: Leverage creep: headroom down >= 5 percentage points in one period; Notify.)

On May 1, 2024, the Board of Blackstone Private Credit Fund (the “ Fund ”) appointed Lucie Enns as the Chief Securities Counsel of the Fund effective as of the close of business... (2024-05-01)
On May 1, 2024, the Board of Blackstone Private Credit Fund (the “ Fund ”) appointed Lucie Enns as the Chief Securities Counsel of the Fund effective as of the close of business on May 1, 2024. Ms. Enns, born 1990, is a Senior Vice President of Blackstone Credit & Insurance (“ BXCI ”) in Legal & Compliance based in New York. Before joining BXCI in 2021, Ms. Enns was an attorney at Simpson Thacher & Bartlett in the Registered Funds group, focusing on alternative investment products including business development companie

On February 21, 2024, the Board adopted the Fifth Amended and Restated Declaration of Trust and the Second Amended and Restated Bylaws of the Fund. (2024-02-21)
On February 21, 2024, the Board adopted the Fifth Amended and Restated Declaration of Trust and the Second Amended and Restated Bylaws of the Fund. The Fifth Amended and Restated Declaration of Trust amends the Fund’s previously effective declaration of trust to, among other things, (i) provide that the trustees of the Fund will serve for fixed, staggered terms subject to reelection at annual shareholder meetings, (ii) remove ownership threshold restrictions on the ability of shareholders to bring derivative actions, and (iii) remove restrictions that direct shareholder actions be limited to c

On August 2, 2023, the Board adopted the Fourth Amended and Restated Declaration of Trust, which amends the Fund’s previously effective declaration of trust to update the Fund’s... (2023-08-02)
On August 2, 2023, the Board adopted the Fourth Amended and Restated Declaration of Trust, which amends the Fund’s previously effective declaration of trust to update the Fund’s exclusive Delaware jurisdiction clause to state that it does not apply to claims, suits, actions or proceedings arising out of or relating to state securities laws or rules and regulations thereunder, in addition to federal securities laws or rules and regulations thereunder. The Fourth Amended and Restated Declaration of Trust took immediate effect upon its approval. The foregoing description is qualified in its entir

On August 2, 2023, the Board of Trustees (the “ Board ”) of Blackstone Private Credit Fund (the “ Fund ”) appointed Oran Ebel as the Chief Legal Officer and Secretary of the Fund... (2023-08-02)
On August 2, 2023, the Board of Trustees (the “ Board ”) of Blackstone Private Credit Fund (the “ Fund ”) appointed Oran Ebel as the Chief Legal Officer and Secretary of the Fund effective as of the close of business on August 2, 2023. Mr. Ebel, born 1979, is Deputy General Counsel of Blackstone Credit and a Managing Director in Blackstone’s Legal & Compliance Group. Mr. Ebel oversees legal matters relating to Blackstone Credit’s business development companies, is responsible for legal matters relating to Blackstone Credit’s Private Credit investments and plays a key role overseeing other lega

Credit facility new or amended: 9 occurrence(s), 2020-11-02 to 2023-06-09
Most recent (2023-06-09): (the “ Amendment ”), which amends the amended and restated senior secured credit agreement, dated as of May 6, 2022 (as amended by the Amendment, the “ Credit Agreement ”), among the Company, as borrower, each of the lenders from time to time party thereto and Citibank, N.A., as administrative agent. The Amendment provides for, among other things, (a) an extension of the revolving availability period for all revolving dollar commitments from May 2026 to June 2027, (b) an extension of the scheduled maturity date of all revolving dollar loans from May 2027 to June 2028, (c) an extension, for the

Redemptions accelerated to $1,161.5M from $661.0M the prior period (period ended 2023-03-31).
Redemptions accelerated to $1,161.5M from $661.0M the prior period (period ended 2023-03-31). (Rule C14: Redemption acceleration: repurchase/redemption dollars up >= 25%; Notify.)

On February 23, 2023, the Board of Trustees of the Fund adopted the Third Amended and Restated Declaration of Trust, which amends the Fund’s previously effective charter to... (2023-02-23)
On February 23, 2023, the Board of Trustees of the Fund adopted the Third Amended and Restated Declaration of Trust, which amends the Fund’s previously effective charter to provide an exception to the Fund’s exclusive Delaware jurisdiction clause for claims, suits, actions or proceedings arising out of or relating to federal securities laws. The Third Amended and Restated Declaration of Trust took immediate effect upon its approval. The foregoing description is qualified in its entirety by reference to a copy of the Third Amended and Restated Declaration of Trust, which is filed as Exhibit 3.1

On January 5, 2023, the board of trustees of Blackstone Private Credit Fund (the “ Fund ”) appointed Jonathan Bock to serve as Co-Chief Executive Officer of the Fund, effective as... (2023-01-05)
On January 5, 2023, the board of trustees of Blackstone Private Credit Fund (the “ Fund ”) appointed Jonathan Bock to serve as Co-Chief Executive Officer of the Fund, effective as of January 10, 2023. Mr. Bock will serve alongside Brad Marshall, who will continue to serve as Chairman of the Board and Co-Chief Executive Officer of the Fund. Mr. Bock, born 1982, is a Senior Managing Director and Global Head of Market Research for Blackstone’s credit investment platform. Prior to joining Blackstone, Jonathan was the Chief

Redemptions accelerated to $661.0M from $282.1M the prior period (period ended 2022-12-31).
Redemptions accelerated to $661.0M from $282.1M the prior period (period ended 2022-12-31). (Rule C14: Redemption acceleration: repurchase/redemption dollars up >= 25%; Notify.)

NAV per share fell 2.3% from $25.19 to $24.62 (2022-09-30).
NAV per share fell 2.3% from $25.19 to $24.62 (2022-09-30). (Rule B11: NAV per share drop >= 2% decline month over month; Notify.)

On August 30, 2022, the board of trustees of Blackstone Private Credit Fund (the “ Fund ”) appointed Kevin Kresge as the interim Chief Financial Officer of the Fund, effective as... (2022-08-30)
On August 30, 2022, the board of trustees of Blackstone Private Credit Fund (the “ Fund ”) appointed Kevin Kresge as the interim Chief Financial Officer of the Fund, effective as of the close of business on September 9, 2022. Mr. Kresge, born 1983, is a Managing Director and Head of Finance for Blackstone Credit, Blackstone’s credit investment platform. At Blackstone Credit, Mr. Kresge is responsible for valuations, financial planning and analysis, expense management and financial reporting. Prior to joining Blackstone

On August 2, 2022, the board of trustees of the Fund appointed William Renahan as the Chief Compliance Officer of the Fund effective August 3, 2022. (2022-08-02)
On August 2, 2022, the board of trustees of the Fund appointed William Renahan as the Chief Compliance Officer of the Fund effective August 3, 2022. Prior to joining Blackstone on May 2, 2022 as a Managing Director, Mr. Renahan had been working in the Investment Management industry for over 25 years. He has previously been an associate in the New York office of Battle Fowler LLP (which subsequently “merged” into Paul Hastings LLP). He also served for approximately 13 years at Legg Mason and predecessor firms as a Managi

Fund (the “ Fund ”) and Blackstone Credit BDC Advisors LLC (the “ Adviser ”) entered into an amended and restated investment advisory agreement (the “ Amended and Restated... (2022-08-02)
Fund (the “ Fund ”) and Blackstone Credit BDC Advisors LLC (the “ Adviser ”) entered into an amended and restated investment advisory agreement (the “ Amended and Restated Investment Advisory Agreement ”), which amended and restated the initial investment advisory agreement by and between the Fund and the Adviser, dated October 5, 2020 (the “ Investment Advisory Agreement ”). The Amended and Restated Investment Advisory Agreement alters the Investment Advisory Agreement by removing certain “sunset” provisions that previously stated that certain requirements of the NASAA Omnibus Guidelines woul

Effective as of July 27, 2022, the Fund’s Board has appointed David Goldberg to the position of interim Chief Accounting Officer and interim Treasurer of the Blackstone Private... (2022-07-27)
Effective as of July 27, 2022, the Fund’s Board has appointed David Goldberg to the position of interim Chief Accounting Officer and interim Treasurer of the Blackstone Private Credit Fund (the “Fund”). Mr. Goldberg, born 1978, is a Managing Director with Blackstone Inc. (“Blackstone”) in the Global Fund Finance group where he oversees the accounting, financial reporting and fund administration for Blackstone’s credit, liquid and insurance funds. Mr. Goldberg previously served as the Fund’s interim Chief Ac

NAV per share ($24.80) is 2.4% below its trailing four-observation average ($25.41) as of 2022-06-30.
NAV per share ($24.80) is 2.4% below its trailing four-observation average ($25.41) as of 2022-06-30. (Rule C23: Sustained NAV decline: NAV per share >= 2% below its trailing 4-observation average; Notify.)

On May 24, 2022, Blackstone Alternative Credit Advisors LP (“ Blackstone Credit ”) announced that Abby Miller has been appointed as the Chief Accounting Officer and Treasurer of... (2022-05-24)
On May 24, 2022, Blackstone Alternative Credit Advisors LP (“ Blackstone Credit ”) announced that Abby Miller has been appointed as the Chief Accounting Officer and Treasurer of the Fund. The board of trustees of the Fund approved Ms. Miller’s appointment on May 2, 2022 for a term commencing May 23, 2022. Ms. Miller, born 1983, most recently served as Chief Financial Officer and Treasurer of BlackRock Capital Investment Corporation. Prior to joining BlackRock in 2017, Ms. Miller was Executive Director, Accounting Policy

Election of Directors; Departure of Directors or Certain Officers Effective May 2, 2022, the board of trustees (the “ Board ”) of Blackstone Private Credit Fund (the “ Fund ”)... (2022-05-04)
Election of Directors; Departure of Directors or Certain Officers Effective May 2, 2022, the board of trustees (the “ Board ”) of Blackstone Private Credit Fund (the “ Fund ”) appointed Michelle Greene to the Board and as a member of the Board’s Audit Committee and Nominating and Governance Committee. Ms. Greene’s appointment brings the total number of trustees on the Board to seven, five of whom are not “interested persons” of the Fund as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended. Ms. Greene is President Emeritus and a Board member and Advisor to

On February 23, 2022, the Board of Trustees (the “ Board ”) of the Fund adopted the Second Amended and Restated Declaration of Trust (the “ Second Amended and Restated Declaration... (2022-02-23)
On February 23, 2022, the Board of Trustees (the “ Board ”) of the Fund adopted the Second Amended and Restated Declaration of Trust (the “ Second Amended and Restated Declaration of Trust ”). The Second Amended and Restated Declaration of Trust, among other items, provides that the Fund’s trustees may be removed, with or without cause, by the vote of the holders of a majority of shares then entitled to vote. The Second Amended and Restated Declaration of Trust will become effective immediately. The foregoing description is only a s

On February 4, 2022, the Board of Trustees of Blackstone Private Credit Fund (the “ Fund ”) appointed David Goldberg to the position of interim Chief Accounting Officer and... (2022-02-04)
On February 4, 2022, the Board of Trustees of Blackstone Private Credit Fund (the “ Fund ”) appointed David Goldberg to the position of interim Chief Accounting Officer and interim Treasurer of the Fund, effective as of the close of business on March 11, 2022. Mr. Goldberg, born 1978, is a Managing Director with Blackstone Inc. (“ Blackstone ”) in the Global Fund Finance group where he oversees the accounting, financial reporting and fund administration for Blackstone’s credit, liquid and insurance funds. Before joining

Amended and Restated Bylaws On June 28, 2021, the Fund’s bylaws were amended and restated (the “Amended and Restated Bylaws”) to remove the requirement that committees of the... (2021-06-28)
Amended and Restated Bylaws On June 28, 2021, the Fund’s bylaws were amended and restated (the “Amended and Restated Bylaws”) to remove the requirement that committees of the Fund’s Board of Trustees shall be composed entirely of Trustees who are not Interested Persons, as that term is defined under Section 2(a)(19) of the Investment Company Act of 1940, as amended, of the Fund. The Audit Committee and the Nominating and Governance Committee each continues to be composed entirely of Trustees who are not Interested Persons of the Fun

Amended and Restated Bylaws On December 7, 2020, the Registrant’s bylaws were amended and restated (the “Amended and Restated Bylaws”) to modify notice requirements for... (2020-12-07)
Amended and Restated Bylaws On December 7, 2020, the Registrant’s bylaws were amended and restated (the “Amended and Restated Bylaws”) to modify notice requirements for shareholder meetings in order to comply with the Omnibus Guidelines of the North American Securities Administrators Association. The Amended and Restated Bylaws became effective immediately. The foregoing description of the Amended and Restated Bylaws does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended and Res

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (2020-11-06)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective November 5, 2020, the board of trustees (the “ Board ”) of the Fund appointed James F. Clark to the Board and as a member of the Board’s Audit Committee and Nominating and Governance Committee. Mr. Clark’s appointment brings the total number of trustees on the Board to six, four of whom are not “interested persons” of the Fund as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended. Mr. Clark has served