Summary of Recent Developments in Private Credit In early March 2026, Blackstone's BCRED (Blackstone Private Credit Fund), the largest private credit fund with around $82 billion in assets, reported record redemption requests totaling 7.9% of shares for Q1 — equivalent to roughly $3.7 billion at current valuations. This exceeded the fund's standard quarterly repurchase limit of 5%. Blackstone $Blackstone Group LP(BX)$ addressed the situation by: Increasing the tender offer to 7% of the fund. Covering the remaining 0.9% (about $400 million) through investments from the firm and its employees. Fulfilling all requests this quarter, consistent with its practice since inception. The fund had over $8 billion in liquidity at the end of 2025 and received ab
Gold Cooling? Could Silver Be a Better Choice?
Markets are beginning to price in a potential "de-escalation," leading to profit-taking after gold hit all-time highs. However, silver is outperforming gold, supported by industrial demand (specifically AI server cooling components). JPMorgan warned that if the US-Iran conflict does not expand further, the short-term geopolitical premium could retraced by 3-5%. Is now the take-profit timing? What's your PT for gold and silver? Will "Gold-to-Silver Ratio" cause silver to outperform gold in the second half of 2026? What’s your take on silver? Would you take profits on gold?
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