Blackstone Signals Shift in Private Credit Returns as Interest Rates Decline
Blackstone indicates the era of exceptional private credit returns has concluded, with yields declining from mid-teens percentages. The firm maintains private credit still outperforms public market alternatives despite the normalization.
Private Credit Returns Normalize After Exceptional Period
Blackstone, the world’s largest private capital group, has indicated that the period of exceptional returns in private credit has concluded, according to recent reports. The company, which manages over $500 billion in credit and insurance assets, reportedly stated that the golden era of mid-teens returns on private lending has given way to more moderate investment outcomes.
