Blackstone's B-Cred fund received $4.4 billion in redemption requests in the second quarter and will cap the fulfilled redemptions at 5% of the fund's net asset value.

Investors in Blackstone's private credit fund, B-Cred, submitted redemption requests for 10% of their shares in the second quarter, an increase from 8% in the first quarter.

According to a Bloomberg report, approximately 25 senior Blackstone employees invested around $100 million of their own money into the B-Credit fund in March to offset customer withdrawal requests.