Evercore says Blackstone redemptions set up ‘challenging’ session for group

2026-04-05 15:10:48

Evercore ISI analyst Glenn Schorr noted that Blackstone’s BCRED had record redemption requests in Q1, totaling 7.9% of outstanding shares, up from 4.5% in Q4. Despite fulfilling all requests, Evercore believes investors were not expecting such high redemptions and anticipates a challenging trading session for the group. The firm maintains an Outperform rating on Blackstone shares, which were down 7% in morning trading.

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