Please turn your eye north to Canada, evergreen melt down. Largest gating of a private manager $10 billion ( big for Canada retail),just two weeks ago. Significance, in Canada you can be $10 billion in AUM, have thousands of investors and have zero Securites registrations,( firm level and people - zero), and not be breaking any rules while advertising your firm on the business news TV channel.
Talk about democratization, $10 billion retail non-liquid evergreen funds advertised on TV with zero registrations or licensing. Democratized meltdown.
Did you mean 58 cents?
Indeed, 58 recovery (42 loss) - edited to reflect this. Thank you!
Eyes on the ground 40 years in credit. Commercial credit quality has only progressively worsened.
Please turn your eye north to Canada, evergreen melt down. Largest gating of a private manager $10 billion ( big for Canada retail),just two weeks ago. Significance, in Canada you can be $10 billion in AUM, have thousands of investors and have zero Securites registrations,( firm level and people - zero), and not be breaking any rules while advertising your firm on the business news TV channel.
Talk about democratization, $10 billion retail non-liquid evergreen funds advertised on TV with zero registrations or licensing. Democratized meltdown.
Cheers.
I think blackstone employees put in 400, not 150
According to this article, $150M came from the employees, $250M came from the firm: https://www.bloomberg.com/news/articles/2026-03-03/blackstone-senior-staff-opened-wallets-with-bcred-under-pressure
Ah got it. Several articles were combined the two numbers. Thank you!