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India’s obsession with cricket has helped turn the Indian Premier League into one of the world’s most valuable sports leagues, attracting foreign investors like Blackstone. With only 10 teams serving a country of roughly 1.5 billion people, investors see scarcity, rising media consumption and India’s economic growth as powerful drivers of team valuations. (Source: Bloomberg)
As Jon Gray recalls it, Blackstone Inc.’s first foray into India started slowly and then ran into headwinds during the global financial crisis.
Blackstone Inc. is working through a backlog of investors who’ve asked to pull cash out of the firm’s flagship private credit fund and is confident the asset class will recover, President and Chief Operating Officer Jon Gray told Swiss newspaper NZZ.
Bloomberg's Olivia Fishlow joins Michael McKee on "Bloomberg Real Yield." Cliffwater’s flagship private credit fund again capped redemptions at 5% in the third quarter, after investors sought to pull about 16% of shares. The biggest such BDC, the $77 billion Blackstone Private Credit Fund, disclosed Thursday that it would again cap redemptions at 5%, after its investors sought to redeem 10% of shares. (Source: Bloomberg)
Blackstone Inc. again limited redemptions from its flagship private credit fund after investors sought to pull 10% of shares, providing an early glimpse at the lasting quarterly withdrawal pressure ahead for the $1.8 trillion market.