The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Blackstone, BMACX
Blackstone has launched a new credit fund, designed for users to gain access to the New York-listed firm’s investment strategies.

The new offering is the Blackstone Private Multi-Asset Credit and Income Fund, or BMACX. Investors can now access BMACX through select registered investment advisors.

The fund offers daily subscriptions, quarterly liquidity, and low investment minimums with capital invested immediately, Blackstone said in a statement this week. 

“We believe BMACX can be a powerful core portfolio building block to tap the expanding credit markets,” Heather von Zuben, CEO of BMACX, said. “It brings the full breadth of Blackstone’s credit platform to individuals in what we see as an investor-friendly structure.”

BMACX will invest across credit assets including private corporate credit, asset based and real estate credit, structured credit, and liquid credit. 

Blackstone announced that BMACX was declared effective by the US Securities and Exchange Commission in March.