The June subscription continues a steady monthly capital intake for the year-old business development company.

June 26, 2026

Blackstone Private Real Estate Credit and Income Fund raised approximately $25.1 million through the sale of unregistered common shares dated as of June 1, 2026, with the final share count of 961,171 shares set on June 23. The fund, a Delaware-based business development company known as BREC, sold the shares under a subscription agreement with participating investors.

The offering was conducted as a private placement exempt from registration, relying on the customary Section 4(a)(2) and Regulation D exemptions for accredited investors, along with Regulation S for offshore sales. For a continuously offered, non-traded BDC such as BREC, monthly share sales of this kind are a routine part of the capital-raising machinery, with subscriptions priced at the most recent month-end net asset value and finalized once that figure is calculated.

A Steady Monthly Cadence

The June intake is modest relative to the fund’s broader fundraising pace. As recently reported, BREC closed the first quarter of 2026 with roughly $917.7 million in net assets after taking in $170 million of subscriptions during the period as detailed in the fund’s first-quarter results. The fund had also disclosed an additional $40 million of subscription proceeds effective April 1 and $10 million effective May 1, making the June figure consistent with a steady, if smaller, monthly flow.

About the Fund

BREC originates and invests in real estate-related debt, including senior loans, mezzanine loans, and commercial and residential mortgage-backed securities, and is externally managed by a Blackstone Real Estate subsidiary. The fund forms part of Blackstone’s expanding suite of individual-investor vehicles spanning credit, real estate, and private equity. The disclosure was signed by William Renahan, the fund’s Chief Compliance Officer and Secretary, dated June 24, 2026.