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Laxman Pai, Opalesque Asia: Blackstone, the world's largest alternative asset manager, launched its first private multi-asset credit interval fund, the Blackstone Private Multi-Asset Credit and Income Fund (BMACX).
The fund offers ticker execution with daily subscriptions, quarterly liquidity, and low investment minimums with capital invested immediately, the American alternative investment management company based in New York City said and is available to individual investors via select registered investment advisers.
"We believe BMACX can be a powerful core portfolio building block to tap the expanding credit markets," said Heather von Zuben, Chief Executive Officer of BMACX. "It brings the full breadth of Blackstone's credit platform to individuals in what we see as an investor-friendly structure."
BMACX aims to provide individual investors with a one-stop, private multi-asset credit solution designed to access strategies across Blackstone's leading $465 billion credit platform.
"We will aim to deliver high quality, diversified income with lower volatility than traditional fixed income products by investing across a diverse range of compelling credit assets," said Dan Oneglia, Chief Investment Officer of BMACX. "We believe this multi-strategy approach positions investors to take advantage of attractive relative value, particularly in dynamic market environments."
BMACX will invest across a diverse range of credit assets, including private corporate...................... To view our full article Click here
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