Blackstone Global Private Credit ELTIF

Blackstone Global Private Credit ELTIF is an open-ended ELTIF launched by Blackstone in 2026, structured as a SICAV domiciled in Luxembourg and authorised under the UCI Part II regime. It is set up under the ELTIF 2.0 framework, which allows pan-European distribution to both professional and retail investors subject to suitability checks, and it is denominated in EUR with a minimum ticket of 10,000 EUR. The fund is classified as Article 8 under SFDR. Within the 494 vehicles covered on this platform, it is one of 148 in private debt, one of 347 domiciled in Luxembourg, and one of 108 combining both.

The strategy is direct lending, so portfolio exposure is built through privately originated loans rather than traded instruments, and the liquidity mechanics are designed around that. Subscriptions are accepted monthly and the net asset value is struck monthly, while redemptions are processed only quarterly and require 150 notice, meaning an investor filing a request must plan for the better part of two quarters before settlement. A hard lock-up applies at entry and a soft lock-up with an early-repurchase deduction runs for a further period, so the vehicle functions as a semi-liquid holding rather than a cash-management instrument, with gating and deferral provisions typical of evergreen ELTIF structures.

Fee terms comprise a management fee of and a performance fee of ; both are disclosed in the fund documentation and can be compared against the 108 private debt vehicles domiciled in Luxembourg that are tracked here, and more broadly against the 148 funds in the same asset class.