DFX Intelligence
Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
BDC portfolio
Blackstone Private Real Estate Credit & Income Fund
BDCnon-tradedCIK 2049733file 814-01853NEW YORK, NYmanaged by BLACKSTONE REAL ESTATE SPECIAL SITUATIONS ADVISORS L.L.C.
Fair value
$2.0B
as of Jun 30, 2026
Principal held
$2.2B
debt pieces, the filer's figure
Cost
$2.0B
100c on cost
Unfunded
n/a
commitments not yet drawn
Positions
123
105 borrowers
First lien
n/a
100% debt by fair value
Quarters on the tape
5
since Jun 30, 2025
Facilities held
105
0 sponsors financed
Portfolio through time
Fair value by quarter end$2.0B as of Jun 30, 2026
Jun 30, 2025$500M then
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $2.0B | 105 | 100c | 0 | 342 bp |
| Mar 31, 2026 | $2.0B | 95 | 100c | 0 | 347 bp |
| Dec 31, 2025 | $1.5B | 100 | 101c | 0 | 333 bp |
| Sep 30, 2025 | $793M | 82 | 101c | 0 | 324 bp |
| Jun 30, 2025 | $500M | 56 | 101c | 0 | 313 bp |
Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.
Sponsors financed
No borrower on this schedule has a sponsor attribution yet.
Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.
What changed
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
Largest facilities held, with co-lenders
- KKR AIP V other1 BDC hold it · matures Nov 9, 2030$201M 101c
- Karlin Multifamily Portfolio other1 BDC hold it · matures Nov 9, 2030$200M 101c
- CBREIM Logistics Portfolio other1 BDC hold it · matures Apr 9, 2031$193M 100c
- Ardan other1 BDC hold it · matures Apr 9, 2031$103M 100c
- Colorado Housing Portfolio other1 BDC hold it · matures Dec 9, 2030$97.5M 101c
- Faropoint Atlantic other1 BDC hold it · matures Feb 9, 2031$89.2M 100c
- UK Mortgage Portfolio other1 BDC hold it$74.3M 100c
- Cypress Ridge other1 BDC hold it · matures Dec 9, 2030$72.7M 101c
- Azalea Multifamily Portfolio other1 BDC hold it$70.0M 100c
- Ridge Hill other1 BDC hold it · matures Oct 9, 2030$64.0M 101c
- The Journal Phase I other1 BDC hold it · matures Jul 9, 2030$59.7M 101c
- Sherrin Multifamily other1 BDC hold it$50.0M 100c
Schedule of investments at Jun 30, 2026
123 positions
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| KKR AIP V | unstated lien unstated | $201M | $201M 101c | S+265 bp | Nov 9, 2030 |
| Karlin Multifamily Portfolio | unstated lien unstated | $200M | $200M 101c | S+260 bp | Nov 9, 2030 |
| CBREIM Logistics Portfolio | unstated lien unstated | $193M | $191M 100c | S+215 bp | Apr 9, 2031 |
| Ardan | unstated lien unstated | $103M | $102M 100c | S+205 bp | Apr 9, 2031 |
| Colorado Housing Portfolio | unstated lien unstated | $97.5M | $97.5M 101c | S+235 bp | Dec 9, 2030 |
| Faropoint Atlantic | unstated lien unstated | $89.2M | $88.3M 100c | S+232 bp | Feb 9, 2031 |
| UK Mortgage Portfolio | unstated lien unstated | $74.3M | $74.3M 100c | S+700 bp | |
| Cypress Ridge | unstated lien unstated | $72.7M | $72.7M 101c | S+250 bp | Dec 9, 2030 |
| Azalea Multifamily Portfolio | unstated lien unstated | $70.0M | $70.0M 100c | S+476 bp | |
| Ridge Hill | unstated lien unstated | $64.0M | $64.0M 101c | S+335 bp | Oct 9, 2030 |
| The Journal Phase I | unstated lien unstated | $59.7M | $59.7M 101c | S+289 bp | Jul 9, 2030 |
| Sherrin Multifamily | unstated lien unstated | $50.0M | $50.0M 100c | S+475 bp | |
| Jadian IOS Portfolio 2.0 | unstated lien unstated | $43.9M | $43.6M 100c | S+255 bp | Apr 9, 2031 |
| Eagle & West | unstated lien unstated | $40.0M | $40.0M 100c | S+545 bp | |
| Lincoln Square North | unstated lien unstated | $40.0M | $39.7M 100c | 9.86% | |
| 1100 Peachtree | unstated lien unstated | $35.7M | $35.6M 101c | S+365 bp | Jun 9, 2030 |
| Stella on the Park | unstated lien unstated | $33.6M | $33.6M 101c | S+275 bp | Aug 9, 2030 |
| Sterling Plaza | unstated lien unstated | $31.1M | $31.1M 101c | S+345 bp | Aug 9, 2030 |
| 77 Commercial | unstated lien unstated | $27.5M | $27.5M 100c | 9.00% | |
| Iron Mountain Manassas | unstated lien unstated | $28.4M | $27.1M 100c | 12.98% | |
| 4700-4738 Cherry Hill Road | unstated lien unstated | $26.0M | $23.7M 101c | 4.10% | Jul 1, 2032 |
| Natura Gardens | unstated lien unstated | $22.7M | $22.7M 101c | 8.12% | |
| BAYCLU REF TLB 1L 01/2033 | unstated lien unstated | $18.7M | $18.7M 101c | S+325 bp | |
| ONNI 2024-APT E | unstated lien unstated | $15.8M | $16.0M 100c | 8.03% | |
| SHRN 2025-MF18 E | unstated lien unstated | $15.0M | $15.0M 100c | S+295 bp | |
| Puck Building | unstated lien unstated | $15.0M | $15.0M 100c | 10.00% | |
| Lot 600 Fingerboard Road | unstated lien unstated | $14.9M | $14.7M 99c | 6.44% | Oct 12, 2032 |
| RFR 2025-SGRM E | unstated lien unstated | $13.0M | $13.1M 100c | 7.51% | |
| BMARK 2026-B43 GRR | unstated lien unstated | $31.4M | $12.8M 99c | 6.60% | |
| ECI | term loan unsecured or subordinated | $12.0M | $12.0M 100c | 8.26% | |
| 43490 Yukon Drive | unstated lien unstated | $11.3M | $11.3M 100c | 7.00% | Jun 1, 2027 |
| BSTN 2025-HUB HRR | unstated lien unstated | $11.4M | $11.3M 99c | 10.06% | |
| CSTL 2024-GATE E | unstated lien unstated | $11.0M | $11.1M 99c | 7.19% | |
| 3-26 Kent Towne Market | unstated lien unstated | $11.2M | $10.6M 101c | 4.75% | Jul 15, 2032 |
| CPKLN 6.875 2032 REGS | unstated lien unstated | $10.4M | $10.5M 101c | 6.88% | |
| 528-556 First Colonial Road | unstated lien unstated | $9.8M | $9.7M 100c | 3.99% | Apr 13, 2027 |
| TAURS 2025-UK3A E | unstated lien unstated | $9.4M | $9.4M 97c | S+380 bp | |
| BBCMS 2025-C35 E | unstated lien unstated | $17.3M | $9.2M 107c | 3.50% | |
| BBCMS 2025-C35 KRR | unstated lien unstated | $24.0M | $8.3M 101c | 6.37% | |
| TRTX TL 1L 04/2033 | unstated lien unstated | $8.1M | $8.1M 100c | S+275 bp | |
| BMARK 2025-B41 JRR | unstated lien unstated | $21.2M | $7.7M 102c | 6.56% | |
| ICNQ 2024-MF E | unstated lien unstated | $7.7M | $7.7M 99c | 6.56% | |
| BMARK 2026-B43 E | unstated lien unstated | $14.1M | $7.4M 101c | 3.67% | |
| BSTN 2025-HUB E | unstated lien unstated | $7.0M | $6.9M 98c | 7.37% | |
| GSMBS 2023-CCM1 B2 | unstated lien unstated | $6.8M | $6.8M 100c | 7.35% | |
| BMARK 2025-B41 F | unstated lien unstated | $12.1M | $6.6M 111c | 3.50% | |
| 6420 Coventry Way | unstated lien unstated | $7.0M | $6.4M 101c | 3.55% | Oct 5, 2030 |
| RFR 2025-SGRM F | unstated lien unstated | $6.3M | $6.3M 97c | 8.51% | |
| BBCMS 2025-C35 JRR | unstated lien unstated | $11.5M | $5.8M 102c | 6.37% | |
| 6420 Coventry Way | unstated lien unstated | $5.5M | $5.2M 101c | 4.40% | Oct 5, 2030 |
| 8520 Rainswood Drive | unstated lien unstated | $4.9M | $4.9M 100c | 6.00% | Jun 1, 2027 |
| VISIO 2023-2 B2 | unstated lien unstated | $4.6M | $4.6M 100c | 7.70% | |
| CSTL 2026-GATE3 E | unstated lien unstated | $4.4M | $4.4M 100c | 6.55% | |
| SREIT 2021-MFP2 F | unstated lien unstated | $4.4M | $4.4M 100c | S+273 bp | |
| 18200-18250 Flower Hill Way | unstated lien unstated | $4.2M | $4.3M 103c | 6.38% | Dec 27, 2033 |
| BMARK 2026-B43 F | unstated lien unstated | $9.1M | $4.0M 99c | 3.67% | |
| WFCM 2016-LC24 B | unstated lien unstated | $4.0M | $3.9M 102c | 3.62% | |
| BMARK 2025-B41 G | unstated lien unstated | $9.1M | $3.6M 99c | 3.50% | |
| COMM 2025-180W E | unstated lien unstated | $3.6M | $3.6M 101c | 7.61% | |
| COLT 2025-6 B1 | unstated lien unstated | $3.5M | $3.5M 101c | 7.21% | |
| COLT 2024-7 B2 | unstated lien unstated | $3.5M | $3.5M 99c | 7.11% | |
| SAN 2026-NQM4 B1 | unstated lien unstated | $3.5M | $3.4M 100c | 6.52% | |
| SLG 2026-PAT E | unstated lien unstated | $3.4M | $3.4M 98c | 6.92% | |
| NRZT 2024-NQM1 B2 | unstated lien unstated | $3.3M | $3.3M 100c | 7.90% | |
| KREF 2022-FL3 D | unstated lien unstated | $3.3M | $3.3M 100c | S+280 bp | |
| 1101-1125 Nelson Street | unstated lien unstated | $3.4M | $3.3M 100c | 5.25% | Oct 17, 2029 |
| MSRM 2026-DSC2 B1 | unstated lien unstated | $3.1M | $3.0M 100c | 6.65% | |
| ECI | term loan unsecured or subordinated | $3.0M | $3.0M 101c | S+446 bp | |
| 1519 Wisconsin Avenue NW | unstated lien unstated | $3.1M | $2.9M 100c | 4.15% | May 20, 2032 |
| SHR 2024-LXRY D | unstated lien unstated | $2.8M | $2.8M 100c | S+360 bp | |
| 1710 17th Street NE | unstated lien unstated | $2.7M | $2.7M 100c | S+250 bp | Nov 2, 2030 |
| BMARK 2026-B43 XE | unstated lien unstated | $14.1M | $2.6M 103c | 2.93% | |
| BX 2025-OMG E | unstated lien unstated | $2.6M | $2.6M 99c | S+295 bp | |
| MSRM 2024-NQM3 B1B | unstated lien unstated | $2.6M | $2.6M 99c | 7.50% | |
| BBCMS 2025-C35 XE | unstated lien unstated | $17.3M | $2.5M 105c | 2.87% | |
| COLT 2024-2 B2 | unstated lien unstated | $2.5M | $2.5M 100c | 8.39% | |
| BSTN 2025-HUB D | unstated lien unstated | $2.5M | $2.5M 99c | 6.37% | |
| VERUS 2024-5 B2 | unstated lien unstated | $2.5M | $2.5M 98c | 7.79% | |
| VERUS 2025-3 B2 | unstated lien unstated | $2.4M | $2.4M 100c | 7.49% | |
| MHP 2021-STOR G | unstated lien unstated | $2.3M | $2.2M 100c | S+286 bp | |
| ABR 7.875 2030 144A | unstated lien unstated | $2.4M | $2.2M 101c | 7.88% | |
| PRKCM 2024-AFC1 B2 | unstated lien unstated | $2.0M | $2.1M 100c | 8.37% | |
| BMARK 2025-B41 XF | unstated lien unstated | $12.1M | $2.0M 112c | 3.06% | |
| BRAVO 2024-NQM5 B2 | unstated lien unstated | $2.0M | $2.0M 99c | 8.07% | |
| JPMMT 2024-VIS2 B2 | unstated lien unstated | $1.7M | $1.7M 99c | 7.69% | |
| MSRM 2026-DSC2 B2 | unstated lien unstated | $1.8M | $1.7M 101c | 6.65% | |
| NYC 2025-300P E | unstated lien unstated | $1.6M | $1.6M 98c | 7.39% | |
| YNDRDC 6.875 | unstated lien unstated | $1.5M | $1.5M 100c | 6.88% | |
| BLP 2024-IND2 E | unstated lien unstated | $1.5M | $1.5M 99c | S+369 bp | |
| BMARK 2026-B43 XF | unstated lien unstated | $9.1M | $1.5M 101c | 2.93% | |
| BX 2020-VIVA E | unstated lien unstated | $1.6M | $1.5M 99c | 3.67% | |
| COLT 2024-INV3 B2 | unstated lien unstated | $1.4M | $1.4M 99c | 7.90% | |
| BMARK 2025-B41 XG | unstated lien unstated | $9.1M | $1.4M 115c | 3.06% | |
| COLT 2024-6 B2 | unstated lien unstated | $1.3M | $1.3M 99c | 7.45% | |
| BRAVO 2024-NQM6 B2 | unstated lien unstated | $1.3M | $1.3M 100c | 8.01% | |
| BX 2022-AHP E | unstated lien unstated | $1.3M | $1.3M 101c | S+304 bp | |
| SHR 2024-LXRY E | unstated lien unstated | $1.2M | $1.2M 100c | S+445 bp | |
| EURO 41X E | unstated lien unstated | $1.1M | $1.1M 97c | S+350 bp | |
| NYMT 2026-INV3 B1 | unstated lien unstated | $1.1M | $1.1M 100c | 6.60% | |
| SERVAT FRN 04/23/2030 | unstated lien unstated | $1.0M | $1.1M 99c | S+625 bp |
Page 1 of 2Next
Registration
- Fiscal year end
- unknownreported
- Incorporated
- DEreported
- On the SEC BDC report
- 2026 to 2026reported
- Filings listed
- 5reported10-Q and 10-K since 2022
- Former names
- Blackstone Private Real Estate Credit Fundreported
- Latest schedule
- 0002049733-26-000037reported