Blackstone is restricting withdrawals from its flagship Blackstone Private Credit (BCRED) fund following a spike in investor redemption requests, as fears over liquidity pressures rattled private markets. The asset management giant capped investor withdrawals from the $79 billion non-traded business development company at 5% of shares, after redemption requests hit 10% during the second quarter. It comes after U.S. private markets giants sold off on Wednesday after Switzerland's Partners Group