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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 11 sources · 3 days · First seen · Last updated

Blackstone Q2 2026 profit surge and fund issues

Overview

In late July 2026 Blackstone announced a near‑61% year‑over‑year rise in Q2 net profit, driven by heavy AI‑related investments and strong inflows that lifted assets under management to over $1.3 trillion. The firm also raised more than $14 billion for a new buyout‑secondaries flagship and highlighted its growing credit dry‑powder.

Within days, the firm reported mounting pressure on its flagship private‑credit vehicle, BCRED, as redemption requests rose to roughly 10% of outstanding shares, exceeding the fund’s limit. The outflows contributed to a 30% drop in Blackstone’s share price since its 52‑week high. Concurrently, co‑CEO Jonathan Bock resigned from BCRED, leaving Brad Marshall as the sole CEO and chairman. Despite these challenges, overall earnings and inflows remained robust.

Together, the snapshots trace Blackstone’s juxtaposition of strong AI‑focused growth and fundraising with emerging liquidity strains and leadership turnover in its private‑credit operations during the same quarter.

Entities

Katherine Rubenstein · Brad Marshall · Jonathan Bock · Blackstone Private Credit Fund · Blackstone Inc.

Timeline

  1. 16 days ago

    [BUSINESS] 5 sources
    Blackstone's Private Credit Fund Faces Investor Withdrawals and Co‑CEO Resignation

    Blackstone's $78 bn private credit fund saw investor redemptions rise to 10% in Q2 and co‑CEO Jonathan Bock resign, while the firm posted 26% earnings growth and $70 bn of new inflows.

  2. 18 days ago

    [BUSINESS] 6 sources
    Blackstone posts 61% Q2 profit surge on AI bets and new secondary fundraise

    Blackstone's Q2 2026 profit jumped 61%, assets rose to $1.34 trillion, and it raised $14 billion for a new secondaries flagship, driven by AI‑focused investments.

Sources

cronicadecantabria.com · diario21.com.mx · ejeprime.com · enfoqueinformativo.mx · expansion.com · liveblogwp.wtop.com · otravel.com · p2pfinancenews.co.uk · privateequitywire.co.uk · pulse2.com · thedeepdive.ca