Blackstone Private Credit Fund accepted approximately $2.13 billion of shares for repurchase in its latest quarterly tender offer, fulfilling about half of the shares investors submitted. A final tender amendment filed November 2, 2026, reported 181,287,647 shares validly tendered and 90,421,325 shares accepted on a pro rata basis.

The accepted shares represented 5% of the fund’s shares outstanding as of June 30, 2026. Dividing accepted shares by tendered shares produces an aggregate fulfillment rate of approximately 49.88%, leaving approximately 50.12% of submitted shares unfulfilled. This measures the portion of tender requests accepted, not the percentage of all fund shareholders seeking to exit.

The offer expired August 31, and accepted shares were valued at the September 30 net asset value of $23.51 per share. The accepted shares had an aggregate NAV of $2,125,805,358. The fund initially issued non-interest-bearing, nontransferable promissory notes and paid approximately $2,125,655,078 under those notes on or about October 28, after applicable early-repurchase deductions.

Blackstone also opened a new tender offer on November 2 for up to 87,457,414 shares, approximately 5% of the 1.75 billion shares outstanding at September 30. The new offer is scheduled to expire at 11:59 p.m. Eastern on December 1, with accepted shares priced at their December 31 NAV, unless the offer is extended.

The latest result documents substantial repurchase activity alongside demand that exceeded the offer’s capacity. It does not establish how much investors will submit in the next offer or what percentage of those requests the fund will accept.

Sources

• Blackstone Private Credit Fund final tender results, filed November 2, 2026
• Blackstone Private Credit Fund new tender offer, filed November 2, 2026

Calculation note: The aggregate fulfillment rate equals 90,421,325 accepted shares divided by 181,287,647 tendered shares. Percentages are rounded.