Blackstone European Private Credit Fund SICAV / (ECRED)

Blackstone European Private Credit Fund SICAV / (ECRED) is an open-ended SICAV managed by Blackstone, domiciled in Luxembourg and launched in 2022. It invests in private debt through a direct lending approach, and is structured as a Non-ELTIF vehicle authorised under the UCI Part II regime, with N/A applying in place of an ELTIF classification. The base currency is USD, the minimum subscription is 25,000 USD, and the fund is classified Article 8 under SFDR. It is one of 148 private debt vehicles covered in the database of 494 funds as of 31 Aug 2026, and one of 108 that combine that asset class with a Luxembourg domicile, within a wider set of 347 Luxembourg-domiciled funds.

Liquidity mechanics follow the evergreen semi-liquid template used across much of this peer group: subscriptions are accepted monthly, redemptions are offered monthly subject to the fund's repurchase limits and early-repurchase terms, and the NAV used for both is struck monthly. Because dealing runs at that cadence rather than daily, investors should read the redemption mechanism alongside the underlying loan portfolio, which is originated and held privately and is not marked or traded on the same frequency as the dealing cycle.

Assets stand at , with the recent direction of flows shown by , both of which can be compared against the 108 funds sharing the same asset class and domicile. Portfolio exposure is spread across borrower jurisdictions as set out in , consistent with a European lending mandate denominated in USD. Fee terms include a performance component of , which sits alongside the management fee and any servicing or distribution charges applied at share-class level; prospective investors should review the share-class documentation for the specific terms that apply to them.