What changed
Blackstone Private Credit Fund's Board unanimously recommends shareholders reject an unsolicited tender offer from Cox Capital Retail Secondaries Fund I, LP to purchase Class I shares at $20.65 per share, a 12.5% discount to the published Class I NAV of $23.60 as of August 31, 2026. The offer covers up to $20 million in aggregate value of Class I shares, a de minimis percentage of outstanding shares. At the 2026 Annual Meeting, shareholders elected two Class II trustees and ratified Deloitte & Touche LLP as independent auditor for fiscal year ending December 31, 2026.
Why it matters
Blackstone Private Credit Fund's Board unanimously recommends shareholders reject an unsolicited tender offer from Cox Capital Retail Secondaries Fund I, LP to purchase Class I shares at $20.65 per sh