Skip To The Main Content

News & Events

Matter Highlights Go Back

Blackstone Closes First Series of Evergreen Institutional U.S. Direct Lending Fund

10.30.24

Simpson Thacher represented Blackstone in connection with the establishment and fundraising of the inaugural series of its evergreen institutional U.S. direct lending fund, Blackstone Senior Direct Lending Fund (“BXD”). Blackstone announced that it has closed on approximately $22 billion of investable capital for the inaugural series of BXD and related vehicles, including anticipated leverage, exceeding Blackstone’s $10 billion target.

The Simpson Thacher team representing Blackstone included Jason Herman, Rony Rothken, Lu Wang, Iram Huq, Russell Reed, Manas Kumar, Anthony Piruzza, Sung Won Choi, Eric Schwed, Henry Litwhiler, In Young Kim and Courtney Scoufis (Funds); Jonathan Goldstein, Drew Purcell, Shoshana Schorr, Mohanad Salaimi and Benjamin Bressler (Tax); Erica Rozow and Jeanne Annarumma (ERISA); and Julia Kohen, Ashley Belton Gold and Chun Baak (Fund Finance).