$319B

Credit & Insurance

Assets Under Management(1)

$45B

In Dry Powder(2)

~3,350

Credits Covered(3)

WHAT WE DO

We invest across the entire corporate credit market, from public loans and bonds to large-scale, private debt financings.

Team

Our business has a deep reservoir of credit and industry expertise. With an average of 21 years of industry experience, our investment professionals have operated through multiple industry cycles and have developed a long-term view of the market.


Scale

We believe that the scale of our platform offers a competitive advantage in sourcing proprietary investment opportunities and allows us to achieve favorable terms on our investments. We have become a long-term partner to companies and sponsors around the world with flexible solutions to help them grow and thrive in today’s market.


Solutions

The solutions we offer are not often available elsewhere in the credit markets. Our breadth is our competitive advantage – drawing upon a wide range of disciplines, including loans, high yield and investment grade bonds, structured credit, mezzanine lending and opportunistic / stressed financing.

Our Strategies

Our activities span both the liquid and private credit spectrum and range from investing in public securities to providing highly customized and structured credit investments. This allows us to maximize potential in various market conditions and deliver attractive risk-adjusted returns to our investors.

Loans, High Yield and Investment Grade Bonds

Our U.S. and European loan strategies rely on bottom-up fundamental credit analysis and investing discipline. Our high yield and investment grade bond strategies are also rooted in fundamental credit analysis and can be complemented by our proprietary systematic credit selection process.

Given our scale as one of the largest CLO managers in the world, we can source differentiated investments and commit capital in size. Watch this video to learn more about our CLO management capabilities.

Systematic Strategies

Through our 2020 acquisition of DCI, a pioneer in deploying a technology-enabled, fundamental based, systematic approach to credit investing, we manage additional strategies across global investment grade, high yield, and emerging corporate credit markets. With the acquisition of DCI, we can now offer a full range of fundamental discretionary and systematic credit solutions to our clients and believe the combination of these fundamental based approaches further strengthens and differentiates our credit investment capabilities.

CLO Investing

We have a dedicated global CLO investing team that utilizes both proprietary technology and the expertise of our large credit research team to invest in primary and secondary CLO opportunities. The team evaluates all parts of the CLO capital structure, from investment grade notes to equity, across many different managers in the U.S. and Europe to seek the best risk adjusted returns for investors.

Direct Lending

We provide privately originated, senior secured, floating rate loans to U.S. and European middle market companies. We partner with these firms and their sponsors to understand their businesses, address their challenges and support their long-term strategies.

Mezzanine

Our mezzanine business has a flexible mandate that provides privately negotiated capital to companies in connection with leveraged buyouts, acquisitions, recapitalizations and growth financings. Our expertise in these areas helps companies navigate change while generating attractive returns for our investors.

Opportunistic / Stressed Debt

We partner with stressed companies, both public and private, to solve balance sheet problems. Our rigorous investing approach is designed to preserve principal while offering flexible capital solutions where they are needed most.

Sustainable Resources Platform

Our Sustainable Resources Platform invests across the credit spectrum in investment grade and non-investment grade credit, preferred and convertible securities with a focus on a broad range of sectors. We work with renewable energy companies and those supporting the broader energy transition and climate change solutions, making us one of the world’s largest providers of private credit in this marketplace. Our flexible capital allows us to respond quickly and creatively to meet companies’ needs with more than 30 investment professionals across North America and Europe, supported by Blackstone’s ESG and Portfolio Operations capabilities.

Harvest

Harvest is Blackstone’s dedicated public market real assets and energy infrastructure equities platform. Our focus is essential infrastructure and companies that help power our economy.


Updates from Credit

PRIVATE DEBT INVESTOR

Why Bigger Deals Can Drive Better Returns

Investing in larger companies has many advantages, especially in these more challenging times, say Blackstone’s Brad Marshall and Jonathan Bock.

Dwight Scott, Blackstone

BLOOMBERG

Private Credit Funds’ Certainties Offer An Edge, Says Blackstone’s Scott

Dwight Scott, Blackstone’s Chairman of Blackstone Credit and Insurance, spoke to Bloomberg about the dealmaking landscape and some advantages he sees in private credit.

INSIGHTS

Creating Value Through Blackstone Credit

Blackstone Credit leaders Brad Marshall, Michael Zawadzki and Kristen Paladino discuss how we’ve created add-on value for our portfolio companies – from entrepreneur-led logistics company Enstructure to larger public organizations like biotech company Alnylam.

Our Portfolio

We seek to make companies stronger by providing capital when other funding is unavailable or where our expertise and scale enable uniquely flexible capital solutions.

Note: All figures as of December 31, 2023, unless otherwise indicated.

1. Reflects Blackstone Credit & Insurance segment AUM.
2. Reflects Blackstone Credit & Insurance segment Dry Powder.
3. Reflects unique corporate issuers across funds and accounts managed by Liquid Credit Strategies and Private Credit Strategies as of December 31, 2023.

“Our capital enables transactions of all sizes, helps stabilize viable businesses and allows companies to grow while producing attractive returns for our investors.”

DWIGHT SCOTT

GLOBAL HEAD OF CREDIT