📄 **Blackstone Private Credit Fund Raises $251.9 Million Through Private Offering**  
On January 22, 2026, Blackstone Private Credit Fund sold 10,162,444 unregistered Class I common shares, raising $251,926,982. This capital will be used to fund investments and improve liquidity, indicating a proactive approach to enhancing the fund's portfolio.

**Key Details:**
- Total shares sold: 10,162,444  
- Total capital raised: $251,926,982  
- Sale exempt under Section 4(a)(2) of the Securities Act  

**Business Implications:**  
This capital raise presents potential investment opportunities for those looking to engage with a fund actively managing its growth and liquidity.

bcred-20260122 0001803498 false 0001803498 2026-01-22 2026-12-22 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________ FORM 8-K ___________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 22, 2026 ___________________________________ Blackstone Private Credit Fund (Exact name of Registrant as specified in its charter) ___________________________________ Delaware (State or other jurisdiction of incorporation) 814-01358 (Commission File Number) 84-7071531 (I.R.S. Employer Identification No.) 345 Park Avenue New York , New York 10154 (Address of principal executive offices and zip code) ( 212 ) 503-2100 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) ___________________________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered None None None Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐ Item 3.02 - Unregistered Sale of Equity Securities. As of January 1, 2026, Blackstone Private Credit Fund (the “ Fund ”) sold unregistered Class I common shares of beneficial interest (with the final number of shares being determined on January 22, 2026). The offer and sale of these Class I shares was exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) and/or Regulation S thereunder (the “ Private Offering ”). The following table details the shares sold: Date of Unregistered Sale Amount of Class I Common Shares Consideration As of January 1, 2026 (number of shares finalized on January 22, 2026) 10,162,444 $ 251,926,982 Item 7.01 - Regulation FD Disclosure. January 2026 Distributions On January 22, 2026, the Fund declared regular distributions for each class of its common shares of beneficial interest (the “ Shares ”) in the amounts per share set forth below: Gross Distribution Shareholder Servicing and/or Distribution Fee Net Distributions Class I Common Shares $ 0.2000 $ 0.0000 $ 0.2000 Class S Common Shares $ 0.2000 $ 0.0176 $ 0.1824 Class D Common Shares $ 0.2000 $ 0.0052 $ 0.1948 The distributions for each class of Shares are payable to shareholders of record as of the open of business on January 31, 2026, and will be paid on or about February 26, 2026. These distributions will be paid in cash or reinvested in Shares for shareholders participating in the Fund’s distribution reinvestment plan. Item 8.01 - Other Events. Net Asset Value The net asset value (“ NAV ”) per share of each class of the Fund as of December 31, 2025, as determined in accordance with the Fund’s valuation policy, is set forth below. NAV as of December 31, 2025 Class I Common Shares $ 24.79 Class S Common Shares $ 24.79 Class D Common Shares $ 24.79 As of December 31, 2025, the Fund’s aggregate NAV was approximately $47.6 billion, the fair value of its investment portfolio was approximately $82.2 billion, and it had approximately $35.1 billion of debt outstanding (at principal). The average debt-to-equity leverage ratio during December 2025 was approximately 0.68 times. As of December 31, 2025, the Fund had approximately $42.0 billion in committed debt capacity, with 90% in floating rate leverage, of which 71% is secured, and 10% in fixed rate leverage, of which 72% is unsecured, based on drawn amounts. 1 The Fund’s leverage sources are in the form of a corporate revolver (6%), asset-based credit facilities (41%), unsecured bonds (34%), secured short term indebtedness (2%), and collateralized loan obligation (CLO) and other secured debt instruments (17%) based on drawn amounts. 1 Certain Notes are classified for the purposes of this filing as floating rate as a result of the Fund entering into interest rate swaps to effectively swap fixed notes payments for floating rate payments. Status of Offering The Fund is currently publicly offering on a continuous basis up to $45.0 billion in Shares (the “ Offering ”). Additionally, the Fund has sold unregistered shares as part of the Private Offering. The following table lists the Shares issued and total consideration for both the Offering and the Private Offering as of the date of this filing, reflective of transfers between share classes. The table below does not include Shares sold through the Fund’s distribution reinvestment plan. The Fund intends to continue selling Shares in the Offering and the Private Offering on a monthly basis. Common Shares Issued Total Consideration Offering: Class I Common Shares 667,957,183 $ 16.9 billion Class S Common Shares 599,999,366 $ 15.3 billion Class D Common Shares 26,093,899 $ 0.7 billion Private Offering: Class I Common Shares 899,359,946 $ 22.9 billion Class S Common Shares — — Class D Common Shares — — Total Offering and Private Offering* 2,193,410,394 $ 55.7 billion *Amounts may not sum due to rounding SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BLACKSTONE PRIVATE CREDIT FUND Date: January 23, 2026 By: /s/ Lucie Enns Name: Lucie Enns Title: Chief Legal Officer and Secretary

Blackstone Private Credit Fund completed a private offering on January 22, 2026, raising $251.9 million through the sale of 10.16 million unregistered Class I common shares. This capital raise demonstrates the fund's proactive approach to strengthening its investment capacity and liquidity position.

On January 22, 2026, Blackstone Private Credit Fund reported the sale of unregistered Class I common shares of beneficial interest amounting to 10,162,444 shares, finalized on the same date, with a total consideration of $251,926,982. This sale is exempt from registration under Section 4(a)(2) of the Securities Act of 1933, indicating a private offering. The shares were sold as part of a strategy to raise capital for funding investments and managing liquidity, and the reported date of unregistered sales suggests timely capital activity aimed at enhancing the fund's portfolio.

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