Blackstone Private Multi-Asset Credit and Income Fund (BMACX)

One-stop solution designed to access Blackstone’s leading credit platform [ 1 ]

$15.22

Net asset value per share [ 2 ]

as of August 06, 2025

$0.0961

July distribution per share [ 3 ]

as of July 31, 2025

3.3%

Inception to date total return (unannualized) [ 4 ]

as of July 31, 2025

Assets under management [ 7 ]

$465B

Track record [ 8 ]

25yr+

Issuers across portfolios [ 9 ]

4,900+

Green Fields

Private Corporate Credit

Privately originated and negotiated debt financing across the capital structure

Asset Based & Real Estate Credit

Loans and other credit instruments generally secured by physical and financial assets as collateral

Structured Credit

Diversified pool of income-producing assets structured to provide excess and customized risk and return

Liquid Credit

Debt issued through bank-led syndications such as broadly syndicated loans, investment grade and high yield bonds

Blackstone Credit & Insurance analysis of company earnings presentations and calls, as of June 30, 2025 and latest publicly available data of Blackstone Credit & Insurance peers.
The NAV per share for each class of Common Shares is determined by dividing the value of total assets attributable to the class minus liabilities attributable to the class by the total number of Common Shares outstanding of the class at the date as of which the determination is made. Accruals will occur daily, provided, however, that accruals on any non-business day will be effective as of the immediately preceding business day. See the prospectus for more information.
Distributions reflect monthly distribution amounts per share of Class I, Class I Advisory and Class S Common Shares, respectively. We expect to declare distributions daily and pay regular monthly distributions. Accruals will occur daily, provided, however that accruals on Saturdays and Sundays will be effective as of the preceding Friday. Past performance does not predict future returns. Distributions may be funded through sources other than net investment income. See BMACX’s prospectus. Please visit the Shareholders page on BMACX’s website for notices regarding distributions subject to Section 19(a) of the Investment Company Act of 1940. We cannot guarantee that we will make distributions, and if we do we may fund such distributions from sources other than net investment income, including the sale of assets, borrowings, return of capital, or offering proceeds, and although we generally expect to fund distributions from net investment income, we have not established limits on the amounts we may pay from such sources.  As of July 31, 2025, 100% of inception to date distributions were funded from net investment income or realized short-term capital gains, rather than a return of capital. A return of capital is not paid from tax earnings or profits and will have the effect of reducing the tax basis of a shareholder’s Common Shares, such that when a shareholder sells its Common Shares the sale may be subject to tax, even if the Common Shares are sold for less than the original purchase price. Distributions may also be funded in significant part, directly or indirectly, from temporary waivers or expense reimbursements borne by BMACX’s adviser, Blackstone Private Credit Strategies LLC (the “Adviser”) or its affiliates, that may be subject to reimbursement to the Adviser or its affiliates. The repayment of any amounts owed to our affiliates will reduce future distributions to which you would otherwise be entitled.
Inception date for Class I shares: May 1, 2025. Inception date for Class I Advisory and Class S shares: July 1, 2025. Total Net Return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions are reinvested) divided by the beginning NAV per share. Returns greater than one year are annualized. All returns shown are derived from unaudited financial information and are net of all BMACX expenses, including general and administrative expenses, transaction related expenses, management fees, incentive fees, and share class specific fees, as applicable, but exclude the impact of early repurchase deductions on the repurchase of shares that have been outstanding for less than one year. Past performance does not predict future returns. There can be no assurance that any Blackstone fund or investment will achieve its objectives or avoid substantial losses. The returns have been prepared using unaudited data and valuations of the underlying investments in BMACX’s portfolio, which are estimates of fair value and form the basis for BMACX’s NAV. Valuations based upon unaudited reports from the underlying investments may be subject to later adjustments, may not correspond to realized value and may not accurately reflect the price at which assets could be liquidated.
This material reflects the views of Blackstone Inc. (“Blackstone”) as of the date appearing in the material only. The words “we,” “us,” and “our” in the material refer to Blackstone, unless the context requires otherwise. BMACX is advised by Blackstone Private Credit Strategies LLC (the “Adviser”), an affiliate of Blackstone Alternative Credit Advisors LP (collectively with its affiliates in the credit, asset based finance and insurance asset management business unit of Blackstone, “Blackstone Credit & Insurance” or “BXCI”). An investment in BMACX is not an investment in Blackstone or BXCI as BMACX is a separate and distinct legal entity. The material is provided for informational purposes only, and under no circumstances may any information contained in the material be construed as investment advice or an offer to sell or a solicitation of an offer to purchase (or any marketing in connection thereof) any interest in any investment vehicles managed by Blackstone or its affiliates. Certain market insights included in the material may not be relevant to BMACX and should not be interpreted as the view of BMACX or as an indication of BMACX’s future positioning. The positioning of Blackstone’s global credit-focused portfolio is different from BMACX’s portfolio positioning, and certain investment examples described in the material may be owned by vehicles and by certain other third-party equity partners, and not BMACX.
McKinsey & Company, The Next Era of Private Credit, September 2024.
AUM is a combined figure inclusive of Blackstone Credit & Insurance “BXCI” and Real Estate Debt businesses.
There can be no assurance that any Blackstone fund or investment will achieve its objectives or avoid substantial losses. Not all strategies have been in existence at Blackstone for the full 25-year investment record presented herein.
Reflects issuers across all asset types within Private Corporate Credit, Liquid Corporate Credit, and Infrastructure & Asset Based Credit, excluding FX derivatives and LP interests.
There can be no assurance that the investment allocation for BMACX or any potential Blackstone fund will be consistent with the following. There is no assurance that BMACX will access all these strategies or in any particular proportion, and available strategies may change from time to time.