Are you concerned about your investment in Blackstone Private Credit Fund (BCRED)?
The White Law Group is investigating potential securities claims involving financial advisors and brokerage firms that may have unsuitably recommended the Blackstone Private Credit Fund (BCRED) to retail investors.
About Blackstone Private Credit Fund (BCRED)
Blackstone Private Credit Fund, sponsored by Blackstone Inc. (NYSE: BX), is a publicly registered, non-traded business development company (BDC). As of September 30, 2025, BCRED reported a net asset value (NAV) per share of $24.97, a 0.48% decline from $25.09 the previous month.
The fund’s board also announced a lower monthly distribution of $0.20 per share for October 2025, down from $0.22 in September. Despite the dip in distributions and NAV, BCRED’s aggregate NAV increased slightly to $46.7 billion, while the fair value of its investment portfolio reached approximately $76.5 billion.
BCRED reported $31.4 billion in debt outstanding, resulting in a debt-to-equity ratio of 0.65x, indicating moderate leverage. The fund maintains around $38.5 billion in committed debt capacity, with roughly 90% of leverage based on floating rates.
Risks of Investing in Non-Traded BDCs
Non-traded BDCs like BCRED are often marketed for their income potential, but they come with significant risks that may not be suitable for many investors:
- Illiquidity – Shares are not listed on public exchanges and may be difficult to sell.
- High Commissions and Fees – These products often carry upfront commissions of up to 10%, reducing potential returns.
- Valuation Concerns – NAVs are based on internal assessments rather than market prices.
- Distribution Cuts – Cash flow and distribution rates can fluctuate, reducing income for investors.
Because of these factors, many investors do not fully understand the risks until after their capital has been tied up for years.
Brokerage Firm Responsibilities
Financial advisors and broker-dealers have a duty to recommend investments that are appropriate for each client’s financial situation, goals, and risk tolerance. When brokers fail to perform adequate due diligence or misrepresent the risks associated with non-traded BDCs, they may be liable for investment losses.
Recovering Investment Losses through FINRA Arbitration
Investors who have suffered losses in BCRED or other non-traded BDCs may be able to recover damages through FINRA arbitration against the firms that sold these investments. The White Law Group represents investors nationwide in claims involving unsuitable recommendations, misrepresentation, and failure to supervise.
Free Consultation with a Securities Attorney
If you are concerned about your investment in Blackstone Private Credit Fund (BCRED) or other non-traded BDCs, call The White Law Group at (888) 637-5510 for a free consultation. Our securities attorneys have handled hundreds of claims involving complex alternative investments, helping investors across the country recover millions of dollars through FINRA arbitration.
To learn more, please visit www.whitesecuritieslaw.com.
FAQs
What is a non-traded BDC?
A non-traded business development company is a type of investment that provides financing to private companies but is not listed on public exchanges. These investments are typically illiquid and can be difficult to value accurately.
Why are BCRED distributions decreasing?
Distributions can decline when income from the underlying loan portfolio decreases, leverage costs increase, or management adjusts payout ratios to preserve capital.
Can I sell my BCRED shares?
Liquidity options for non-traded BDCs are limited. Shares generally can’t be sold easily, and redemptions are often subject to restrictions or suspension.
