Blackstone Private Multi-Asset Credit & Income Fund
Sponsored by Blackstone. Interval Fund structure focused on private credit.
Interval FundPrivate Credit
- Net assets
- $690.9M
source
Monthly portfolio report (Form N-PORT) · filed 2026-05-28 · period 2026-03-31
Net assets (N-PORT Part B, Item B.2)
Method Direct: read from a structured filing field
Open the filing on SEC.gov · Full observation history
Technical locator
as of 2026-03-31 - NAV / share
- Not captured No current filed observation
- Net flows, last qtr
- +21.5% qtr ended 2026-03-31
- Distribution coverage (NII)
- Not disclosed coverage not available
- Leverage in use
- 31% debt / equity 0.11x
- Total return, 12m
- Insufficient history computed from NAV + distributions
What changed in the latest filings.
Current findings ordered by severity. Each observation remains traceable to its filed source.
Credit facility new or amended: 2 occurrence(s), 2025-08-19 to 2026-02-20
Most recent (2026-02-20): Revolving Credit Facility amended (Amendment No. 2 to Senior Secured Credit Agreement), increasing aggregate principal revolving commitments from $250 million to $325 million, effective February 20, 2026.
Why it matters and what changed
Financing terms set the fund's cost of leverage and its dry powder. Amendments also reveal what lenders currently think of the collateral: improving spreads and rising commitments signal lender confidence; shrinking availability or margin increases signal the opposite.
2 occurrence(s) of this event type stored; earlier instances are on the Fired Flags tab.
Source: https://www.sec.gov/Archives/edgar/data/2032432/000139834426004409/fp0097789-1_ncsrixbrl.htm | N-CSR narrative
Management Fee Waiver Agreement (in place since the Fund's public offering launch) terminated November 1, 2025; the management fee is now payable at the annual rate of 0.75% of... (2025-11-01)
Management Fee Waiver Agreement (in place since the Fund's public offering launch) terminated November 1, 2025; the management fee is now payable at the annual rate of 0.75% of the Fund's net assets.
Why it matters and what changed
A fee waiver ended. Net expenses rise immediately and net returns fall by roughly the waived amount; because no dramatic filing accompanies a quiet lapse, this is exactly the kind of change a wholesaler will not volunteer.
Occurrence event; see the filing text for terms vs the prior arrangement.
Source: https://www.sec.gov/Archives/edgar/data/2032432/000139834426004409/fp0097789-1_ncsrixbrl.htm | N-CSR narrative
How the fund has moved.
Net asset value, total return, capital flows, and distribution coverage across the filing record.
What moved inside the book.
Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.
No structured portfolio-health series or position-change events have been captured for this fund.
Where exit demand met the cap.
The disclosed history shows no rationed period.
No structured redemption history has been captured for this fund.
How the balance sheet is funded.
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
No structured financing components have been captured for this fund.
How the offering is divided.
A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.
No filed share-class terms have been captured for this fund; ownership type is therefore not inferred.
Management fee: 0.75% of daily net assets per year. source. The management fee is accrued daily and payable monthly in arrears at an annual rate of 0.75% of the value of the Fund's net assets as of the beginning of each business day. The Adviser contractually agreed to waive the management fee in full for the six-month period beginning from the date the Fund completed its first sale of shares in its public offering (May 1, 2025); that Management Fee Waiver Agreement terminated on November 1, 2025, after which the management fee payable by the Fund is at the full annual rate of 0.75%.
The evidence beneath the page.
Filed terms and recent documents remain available without crowding the primary research flow.
Term register (2)
| Term | Description | Value | Effective |
|---|---|---|---|
| advisory_fee_schedule | The management fee is accrued daily and payable monthly in arrears at an annual rate of 0.75% of the value of the Fund's net assets as of the beginning of each business day. The Adviser contractually agreed to waive the management fee in full for the six-month period beginning from the date the Fund completed its first sale of shares in its public offering (May 1, 2025); that Management Fee Waiver Agreement terminated on November 1, 2025, after which the management fee payable by the Fund is at the full annual rate of 0.75%. | 0.75 pct_annual_of_daily_net_assets | 2025-11-01 |
| leverage_ceiling | None | 300.0 pct_asset_coverage | Date not captured |
Recent filings
| Filed | Form | Accession |
|---|---|---|
| 2026-05-28 | NPORT-P | 0002071691-26-012559 |
| 2026-05-01 | N-23C3A | 0001140361-26-018418 |
| 2026-03-04 | N-CSR | 0001398344-26-004409 |
| 2026-02-26 | NPORT-P | 0002071691-26-005032 |
| 2026-02-02 | N-23C3A | 0001140361-26-003089 |
| 2025-11-25 | NPORT-P | 0002071691-25-007320 |
| 2025-09-03 | N-CSRS | 0001398344-25-017479 |
| 2025-08-27 | NPORT-P | 0001752724-25-209781 |