# Blackstone Private Credit Strategies

Blackstone Private Credit Strategies is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Assets under management:** $1.3T
- **Website:** blackstone.com
- **LinkedIn:** https://www.linkedin.com/company/7834

## Regulatory record

- **CRD number:** 327208
- **SEC file number:** 801-128455
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/327208

## Sectors

- Private Credit
- Secondaries & Special Situations

## People

- Brad Marshall — Global Head of Private Credit Strategies

## Questions

### Who runs investment decisions at Blackstone Private Credit Strategies?

Brad Marshall is the Global Head of Private Credit Strategies, a role he assumed in 2023 during a leadership reorganization of the credit division. He oversees origination, underwriting, and portfolio management across direct lending, opportunistic credit, and asset-based finance. Prior to this role, Marshall led North American private credit and was instrumental in scaling the direct lending platform to its current size.

### How does Blackstone Credit source proprietary deal flow?

The credit group sources through Blackstone's private equity portfolio company network, its 200-plus person global origination team, and direct relationships with private equity sponsors. The firm's secondaries business, Blackstone Strategic Partners, also surfaces deal flow by purchasing LP interests in third-party credit funds — providing visibility into competitor portfolios and pricing dynamics that inform primary origination. Additionally, Blackstone's real estate and infrastructure arms generate credit opportunities through asset-level financings.

### Does Blackstone Credit maintain separate vehicles for individual investors?

Yes. BCRED (Blackstone Private Credit Fund) is a non-traded business development company designed for individual investors, offering exposure to the firm's direct lending strategy with quarterly redemption features. It operates alongside institutional drawdown funds and separately managed accounts. BCRED has grown substantially and represents Blackstone's effort to bring private credit to the retail channel.

### How does Blackstone's insurance platform relate to the private credit business?

Blackstone's insurance subsidiaries, including the acquired Allstate life and annuity business, provide permanent capital that the credit division manages. This liability structure, modeled on approaches used by Apollo and KKR, allows Blackstone Credit to hold loans for extended periods without facing fund-life pressures to sell. The insurance accounts invest in investment-grade private credit, structured credit, and asset-based finance alongside the firm's institutional funds.

## Related profiles

- [Phase Two Ventures](https://altss.com/profile/phase-two-ventures-management-llc)
- [Divergent Investments](https://altss.com/profile/divergent-investments-sarl)

---

Last updated: 2026-07-08T23:52:49.971Z

Canonical page: https://altss.com/profile/blackstone-private-credit-strategies-llc

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology