BLACKSTONE PRIVATE CREDIT FUND FILES (8-K) Disclosing Unregistered Sale of Equity Securities, Regulation FD Disclosure, Other Events

Item 3.02. Unregistered Sale of Equity Securities.

As of August 1, 2022, Blackstone Private Credit Fund (the "Fund") sold
unregistered Class I common shares of beneficial interest (with the final number
of shares being determined on August 24, 2022) to feeder vehicles primarily
created to hold the Fund's Class I shares. The offer and sale of these Class I
shares was exempt from the registration provisions of the Securities Act of
1933, as amended, pursuant to Section 4(a)(2) and/or Regulation S thereunder
(the "Private Offering"). The following table details the shares sold:

                                                         Amount of Class I
Date of Unregistered Sale                                  Common Shares          Consideration

As of August 1, 2022 (number of shares finalized on
August 24, 2022)

                                                  7,904,365       $  197,767,215

Item 7.01. Regulation FD Disclosure.

August 2022 Distributions

On August 24, 2022, the Fund declared distributions for each class of its common
shares of beneficial interest (the "Shares") in the amount per share set forth
below:

                                  Gross            Shareholder             Net
                               Distribution       Servicing Fee       Distributions
      Class I Common Shares   $       0.1740     $        0.0000     $        0.1740
      Class S Common Shares   $       0.1740     $        0.0177     $        0.1563
      Class D Common Shares   $       0.1740     $        0.0052     $        0.1688

The distributions for each class of Shares are payable to shareholders of record
as of the open of business on August 31, 2022 and will be paid on or about
September 28, 2022.

These distributions will be paid in cash or reinvested in shares of the Fund's
Shares for shareholders participating in the Fund's distribution reinvestment
plan.

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Recent Blackstone Credit Transaction Highlights1

Fidelis

In July 2022, Blackstone Credit led and structured a debt financing alongside an
equity investment to support the creation of a new Managing General Underwriter
("Fidelis MGU") which, subject to regulatory approval, will be separated from
the existing balance sheet insurance companies of Fidelis. Fidelis MGU's
principal equity investors will be Capital Z Partners, The Travelers Companies,
Inc., Blackstone Credit, Further Global Capital Management and Alfa Insurance.
Fidelis is a provider of specialty, reinsurance, and bespoke insurance products.

Item 8.01. Other Events.


Net Asset Value

The net asset value ("NAV") per share of each class of the Fund as of July 31,
2022, as determined in accordance with the Fund's valuation policy, is set forth
below.

                                                NAV as of
                                                July 31,
                                                  2022
                       Class I Common Shares   $     25.02
                       Class S Common Shares   $     25.02
                       Class D Common Shares   $     25.02

As of July 31, 2022, the Fund's aggregate NAV was $22.1 billion, the fair value
of its investment portfolio was $47.7 billion, and it had $27.2 billion of debt
outstanding (at principal). The average debt-to-equity leverage ratio during
July 2022 was approximately 1.17 times. As of July 31, 2022, the Fund had
$33.2 billion in committed debt capacity, with 90% in secured floating rate
leverage and 10% in unsecured fixed rate leverage based on drawn amounts.2 The
Fund's leverage sources are in the form of a corporate revolver (7%),
asset-based credit facilities (52%), unsecured bonds (28%), secured short term
indebtedness (2%) and collateralized loan obligation (CLO) notes (11%) based on
drawn amounts.

Status of Offering

The Fund is currently publicly offering on a continuous basis up to
$36.5 billion in Shares (the "Offering"). Additionally, the Fund has sold
unregistered shares as part of the Private Offering. The following table lists
the Shares issued and total consideration for both the Offering and the Private
Offering as of the date of this filing. The Fund intends to continue selling
Shares in the Offering and the Private Offering on a monthly basis.

                                                  Common             Total
                                              Shares Issued      Consideration
      Offering:
      Class I Common Shares                      181,468,842     $  4.7 billion
      Class S Common Shares                      255,020,615     $  6.6 billion
      Class D Common Shares                       41,165,628     $  1.1 billion
      Private Offering:
      Class I Common Shares                      421,743,474     $ 10.9 billion
      Class S Common Shares                               -                  -
      Class D Common Shares                               -                  -
      Total Offering and Private Offering *      899,398,559     $ 23.3 billion

* Amounts may not sum due to rounding.

1 The information provided, including dollar amounts, represents the aggregated

investment of all participating Blackstone Credit vehicles, including the

Fund. The final dollar amount of the Fund's portion of the investment will be

determined and disclosed in the Fund's future periodic reports.

2 Certain Notes are treated as floating rate due to interest rate swaps the Fund

has entered into to swap fixed notes payments for floating rate payments.

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