Credit

We are one of the world’s largest credit-oriented asset managers, with a focus on capital preservation and delivering attractive risk-adjusted returns for our clients regardless of market conditions.

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$246B

Assets Under Management*

$27B

In Dry Powder

>3,100

Credits Covered**

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.

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.

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.

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.

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.

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.

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.

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.

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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.

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Note: All figures as of December 31, 2022, unless otherwise indicated.

*Figure reflects the AUM only of the Blackstone Credit business. This figure does not include the AUM of Harvest Fund Advisors, Blackstone Insurance Solutions and Asset-Based Finance, which are included in Blackstone’s publicly reported Credit and Insurance segment AUM.

**Reflects unique corporate issuers across funds and accounts managed by Liquid Credit Strategies and Private Credit Strategies as of December 31, 2022.

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.

Altus Power

Blackstone Credit has been a long-standing partner to Altus Power, one of the nation’s premier clean electrification companies serving commercial, industrial, public sector and community solar customers. Blackstone Credit provided its initial financing to Altus in 2014, followed by an $850 million recapitalization in 2019. Altus went public in 2021, with Blackstone Credit remaining a significant shareholder and lender. Our ongoing partnership with Altus is enabling the company to meet growing demand for low-cost, renewable energy in North America.

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Westland

In early 2021, Blackstone Credit provided long-term financing to family-owned Westland Insurance, one of the largest property and casualty insurance brokers in Canada. Westland provides expert advice to home, business, farm, life and auto insurance clients across 200+ offices. We look forward to partnering with Westland to strengthen their business and support their expansion across Canada.

Auctane

Blackstone Credit led the debt financing for Auctane (formerly Stamps.com), a leading provider of e-commerce shipping software solutions, to support the acquisition of Stamps.com for approximately $6.6 billion. Auctane debt financing ranks as one the largest direct loans done in the private market.

Updates from Credit

Blackstone_Altus Power Solar Field

EDUCATION

Harnessing Credit: Driving the Energy Transition to Create Value

Blackstone Credit highlights the role of private credit in the energy transition and the use of ESG financing tools to build value and resilience at our portfolio companies.

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INSIGHTS

One-on-One with Dwight Scott: The Loan Market in an Era of Rising Rates

In an environment marked by rising rates and increased volatility, Dwight Scott, Global Head of Credit, discusses the evolution of the institutional loan market and how Blackstone is positioned.

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PRIVATE DEBT INVESTOR

Blackstone Credit Wins Five 2021 PDI Awards

Blackstone Credit received several honors in the 2021 PDI Awards: Global Fund Manager of the Year, Global Responsible Investor of the Year, BDC Manager of the Year (Americas), Global CLO Manager of the year and Deal of the Year (Americas).

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“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