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XA Investments Contributes to Ignites Article on Blackstone’s New Interval Fund Filing

Alyson Velati from Ignites discusses Blackstone’s new interval fund launch, the Blackstone Private Multi-Asset Credit Fund, and the liquidation of their first interval fund, the Blackstone Floating Rate Enhanced Income Fund. The article also features insights from Kimberly Flynn, CFA, President of XA Investments. 

Blackstone’s new interval fund will invest in private corporate credit, asset-based credit, structured credit, and liquid credit, with a focus on the United States market. With the close of Blackstone’s previous interval fund, Flynn points out that it was “fairly small” with around $289 million in assets when liquidated. 

With Blackstone now turning their attention in the interval / tender offer fund space, Flynn says “it may take some patience and time for Blackstone to unseat the current interval fund market leaders, who have a massive head start in the space.”

To read the full article, please click here.

For more information on interval funds, please visit our CEF Market Research page. Click ‘Subscribe’ for access to XAI’s new online research portal and pricing info. The in-depth XA Investments Quarterly Market Updates for Non-Listed CEFs and Listed CEFs provide actionable insights and consolidated data, including market statistics, IPOs, recent fund filings, sponsor data, and market overview information.

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