Katherine Rubenstein is stepping down on amicable terms, with the fund citing no disputes behind the move.

June 19, 2026

Blackstone Private Credit Fund announced that Katherine Rubenstein has left her position as the fund’s Chief Operating Officer, effective June 15, 2026. According to the disclosure, Rubenstein departed to pursue other opportunities.

The fund emphasized that her exit was not connected to any disagreement over Blackstone’s or the fund’s operations, policies, or practices. Blackstone Credit & Insurance expressed appreciation for Rubenstein’s contributions and extended its best wishes for her future endeavors.

Details of the Departure

The move was reported by Blackstone Private Credit Fund, a Delaware-based business development company headquartered at 345 Park Avenue in New York and among the largest vehicles in Blackstone’s private credit platform. The disclosure was signed by Lucie Enns, the fund’s Chief Legal Officer and Secretary, dated June 18, 2026.

The announcement did not name a successor, nor did it specify any transition arrangements or interim leadership plans. No further details regarding the circumstances of the departure or Rubenstein’s next position were provided.

Context

Leadership changes of this kind are routinely disclosed by registrants in keeping with federal securities reporting obligations covering the departure of principal officers. The fund’s characterization of the exit as amicable and unrelated to any internal dispute is standard practice, intended to clarify that the move does not signal underlying operational or governance concerns.

Blackstone Private Credit Fund continues to operate as a significant component of the firm’s broader credit ecosystem. The fund has previously been active in capital markets and reporting, including disclosures around monthly distributions, net asset value, and share offerings reported earlier this year, when the fund detailed aggregate net assets of approximately $48.2 billion. The leadership update arrives as Blackstone’s suite of individual-investor vehicles continues to expand across credit, real estate, and private equity strategies.