Blackstone's flagship private equity credit fund restricts investor redemptions for the first time and joins the restricted fund category According to a report by Golden Finance, on June 4th, Blackstone Group's flagship private credit fund (BX. N) implemented restrictions on redemption applications for the first time after investors sought to redeem 10% of their shares, becoming the latest fund to tighten its redemption limit amid a continuous wave of investor withdrawals. According to documents submitted on Thursday, Blackstone Private Credit Fund, with a scale of $79 billion, has informed shareholders that it will only meet redemption requests for 5% of its shares. In the previous quarter, the fund allowed investors to redeem a record 7.9% of shares with the help of executives using their own funds to assist in financing. Jim Zelt, Co President of Apollo Global Management, stated that investors are increasing their efforts to recover funds after the previous redemption restrictions, which could lead to more "turbulence" in the non trading BDC (Business Development Companies) sector.