BMACX will invest across corporate credit, asset-based lending, real estate credit, and structured and liquid credit strategies. This initiative aligns with Blackstone's ongoing push to bring institutional-grade alternative investments to a wider investor base. Meet and hear more from Blackstone at Italy's Largest Private Equity Conference in Milan. The fund will complement Blackstone's existing private wealth products, including its $54bn Blackstone Real Estate Investment Trust (BREIT) and Blackstone Private Credit Fund (BCRED), two of the firm's largest retail-focused vehicles. Structured as an interval fund, BMACX will permit daily subscriptions and provide quarterly liquidity of up to 5% of net asset value (NAV), subject to board discretion. The minimum investment requirement starts at $2,500, varying by share class. The fund's fee model includes an annual management fee of 0.75% and a 12.5% incentive fee on income, contingent on a 5% annualised hurdle rate with full catch-up....
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