Blackstone Liquid Credit Strategies (BLCS) manages private investment funds like collateralized loan obligations (CLOs), open-ended funds, closed-ended funds, and registered investment companies. BLCS also provides sub-advisory services to other investment advisors and manages individual accounts. BLCS invests in various credit instruments, including loans, bonds, and derivatives. Blackstone Credit was founded in 2005 and is part of Blackstone Inc.
Fee Structure
Blackstone Liquid Credit Strategies (BLCS) manages investments for various clients, including private funds, registered investment companies, and individually managed accounts. BLCS or its affiliates typically receive a management fee of up to 2% annually, based on either the net assets or invested capital. For CLOs, BLCS receives a base management fee and a subordinated management fee, each as a percentage of the gross value of assets held by the CLO.